- Cybersecurity service PeckShield caught MetaSwap cheating
- They ran the so-called “rug pull” scheme
- After the announcement, the project token has fallen in price almost twice
Blockchain PeckShield inspectors have exposed yet another swindler. This time, the culprit was MetaSwap, a protocol that allows NFTs to be exchanged via Ethereum, Binance, and Polygon. He is accused of a scam on 1536 BNB (at the current exchange rate, this is almost 591 thousand dollars).
PeckShield is a cybersecurity company that oversees popular blockchain projects. A couple of hours ago, they discovered suspicious behavior from the MetaSwap team. According to PeckShield, the developers carried out a so-called rug pull. They have already managed to output 1536 to the Tornado Cash mixer:
Rug pull is a scam in which criminals create a dummy project, issue tokens for it and look for gullible investors. Then, when the tokens become more expensive, the owners drastically withdraw all assets, leaving investors with nothing.
The charges against MetaSwap have yet to be proven, but the company hastily removed all social media pages.