Binance Smart Chain (BSC) Metaswap Gas (MGAS) Protocol Targeting Scheme rug pull, PeckShield said.
#RugPull PeckShield has detected that @MetaSwapMGAS soft-rugged, the stolen funds (1,100 BNB) are transfered to @TornadoCash (#BSC). DO NOT STAKE in this contract and if you’ve approved it, REVOKE https://t.co/b7sSsMz3ZE
– PeckShield Inc. (@peckshield) December 27, 2021
The platform has positioned itself as a platform for the exchange of non-fungible tokens on the Ethereum, BSC and Polygon blockchains. Initially, experts reacted to a sharp drop in the price of the MGAS token – by almost 47%.
According to them, the damage amounted to 1,100 BNB (~ $ 602,000 at the time of writing). The withdrawn funds have been sent to the Tornado Cash mixer.
Site Metaswap Gas is not available. Users reported that protocol accounts in Twitter, Instagram and Medium removed.
They have also removed their Medium posts – https://t.co/DGyIrHRphn
– Arijit Sarkar (@askposs) December 27, 2021
Clients of the platform organized a group on Telegram with the aim of hiring specialists to find project organizers and return assets.
To all the holders of $ MGAS #Metaswap #MetaswapGas, here’s a group you can join where old holders like me are doing some discussions about #MGAS… I read some updates too. https://t.co/MmXiBDJvW8
– HODL !!! (@AAAIGOOOOO) December 27, 2021
PeckShield also reported that another protocol, MetaDAO, has become the object of the rug pull scheme. The damage amounted to 800 ETH (~ $ 3.25 million).
As with Metaswap Gas, the assets are directed to Tornado Cash.
#RugPull PeckShield has detected that @METADAO rugged, the stolen funds (800 Ether) are transferred to @TornadoCash (#Ethereum). DO NOT STAKE in this contract and if you’ve approved it, REVOKEhttps://t.co/82FREIL8Fu
– PeckShieldAlert (@PeckShieldAlert) December 27, 2021
Recall that rug pull schemes accounted for over a third of the $ 7.7 billion in cryptocurrencies stolen from users in total in 2021, according to Chainalysis.
