$48 000 USD

MAY 2023

GLOBAL

LW TOKEN

DESCRIPTION OF EVENTS

"The Warden system based on data from 1.000.000+ SmartContract, this contract has 95% to be a RugPull or HoneyPot!"

 

"The LW token on BSC was attacked, with a loss of 48,415 USDT, and the price of LW token plummeted by 69%. The attackers have transferred about 150 BNB to Tornado Cash."

 

"According to news from PANews on May 12, according to Paidun’s early warning and monitoring, the LW token on BSC was attacked, with a loss of 48,415 USDT, and the price of LW token plummeted by 69%. The attacker has transferred about 150 BNB to Tornado Cash."

 

"#MetaTrustAlert Our #MetaScout detected that $LW on BSC was attacked by the flashloan with a loss of ~48.4k $USD." "$LW is exploited (w/ 48,415 $USDT) $LW has dropped -69%"

 

"We identified an exploit on $LW token, on the PancakeSwap pair of $LW - $BUSD that resulted in an accumulated theft of ~$48k. The exploiting contract, utilizing a flashswap on the contract to conduct the attack, deployed around *10 hours* before the attack happened"

 

"The LW token on #BSC was attacked, with a loss of 48,415 USDT, and the price of $LW token plummeted by 69%. The attackers have transferred about 150 #BNB to Tornado Cash."

 

"It is a price manipulation attack.

 

In this attack, the marketAddr account has 173,272 $USDT, which is used to buy back the $LW and increase the price of the $LW.

 

The attacker first swapped $USDT for the $LW

 

The attacker triggered the buy-backs of $LW and increased the price of $LW

 

Finally, the attacker swapped $LW for the $USDT"

 

"The $LW exploiter has already transferred ~150 $BNB into Tornado Cash."

Little is known about the LW token. It doesn't appear to have an official website and there is limited references on social media, however it traded on PancakeSwap and was listed on several sites. On May 11th, the price spiked and rapidly fell due to a flash loan exploit. Approximately $48k worth of BNB was removed and brought to TornadoCash.

Sources And Further Reading

 For questions or enquiries, email info@quadrigainitiative.com.

Get Social

  • email
  • reddit
  • telegram
  • Twitter

© 2021 Quadriga Initiative. Your use of this site/service accepts the Terms of Use and Privacy Policy. This site is not associated with Ernst & Young, Miller Thompson, or the Official Committee of Affected Users. Hosted in Canada by HosterBox.