DESCRIPTION OF EVENTS
"Deflationary Animal Yield Farming on Binance Smart Chain."
"SheepSwap.finance was registered on Monday, March 15, 2021." "The domain has been registered at NameCheap, Inc."
RugDoc "received inbounds that may indicate high risks regarding to a project named SheepSwap. Privileged functionalities appear in those smart contracts and we wish [for] the community [to do your own research] before interacting with the dApp."
The website is gone. It seems that the anonymous team would rather take the funds of users than build a decent service. It's not been determined exactly how much was taken.
HOW COULD THIS HAVE BEEN PREVENTED?
SheepSwap was run by an anonymous team, and there was no accountability to ensure that anything was delivered. A simple and lightweight framework would ensure that projects could launch with less need for anonymity, and as a result, investors would not expect anonymity.
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