QUADRIGA INITIATIVE
CRYPTO WATCHDOG & FRAUD RECOVERY PLATFORM
A COMMUNITY-BASED, NOT-FOR-PROFIT
$73 000 USD
DECEMBER 2021
GLOBAL
BOOSTERTOKEN
DESCRIPTION OF EVENTS
"Booster Token is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency BOOSTER, to facilitate programmable payments and open financial infrastructure development. As of December 2020, the network has transacted an estimated $299 billion for over 2 million users."
"Bought a couple hundred dollars worth. This coin is awesome. Hasn't even been 24 hours. Sounds like a great project. Enjoy the moon, early buyers!"
"A malicious frontend code was injected into @BoosterToken to mislead users into transferring the balance to an EOA (Booster Team). The rugpull happened in the frontend, not from the smart contract."
"The total loss is now ~ 120 BNB."
"This is not the Old booster account they deleted it and I took the @ we are investigating to see who was behing this attack... Revoke access to booster on BSC" "DONT MIGRATE ANYTHING ON THE WEBSITE IT WILL DRAIN YOUR ACCOUNT" "[T]hey are not just rug pulling they are stealing other tokens." "[T]hey took all I had in my wallet."
The BoosterToken project swapped their front-end for a malicious front-end after getting a CertiK audit, enabling them to steal at least 120 BNB. Anyone who fell for the migration code on the website had their entire wallet drained of any funds. The website is presently offline and it does not appear that any recovery is likely.
HOW COULD THIS HAVE BEEN PREVENTED?
This type of case could be solved by any sort of registration or accountability for project teams.
https://mobile.twitter.com/certikorg/status/1468640668788707329 (Jan 7)
CertiK Asset Tracing for Address bsc:0xc8c4177aa32798ea53e1b8282e1f801a24f85ee9 (Jan 7)
CertiK Asset Tracing for Address bsc:0x9aa3fbd5e93798b1816a5bc4bd74219cc4a1a789 (Jan 7)
CertiK Asset Tracing for Address bsc:0x7433f75270fe707f6a7b1fdc7b93a2b398fc3b3d (Jan 7)
https://mobile.twitter.com/boostertoken (Jan 7)
https://coinmarketcap.com/currencies/booster-bsc/ (Jan 7)
Scam Token! : BoosterToken (Jan 7)
Booster Token( BOOSTER ) info, Booster Token( BOOSTER ) chart, market cap, and price | TheBitTimes.Com (Jan 7)
BOOSTER TOKEN | EARN BIG MONEY FOR HOLDING - YouTube (Jan 7)
Booster (Jan 7)
https://coinmarketcap.com/currencies/binance-coin/historical-data/ (Jan 7)
https://mobile.twitter.com/certikorg/status/1468701100714962946 (Jan 7)
