$3 000 USD

DECEMBER 2024

GLOBAL

SLURPYCOIN

DESCRIPTION OF EVENTS

SlurpyCoin ($SLURPY) is a unique cryptocurrency that features a self-slurping mechanism, which combines automatic buybacks and burns to reduce supply and potentially increase the coin's price. With each transaction, 3% is redistributed to holders, and 2% is held in the contract until enough $SLURPY is stored to be sold for BNB. After 200 sales, the BNB is used to buy and burn $SLURPY tokens. This innovative approach, called "slurponomics," aims to create a cycle of self-sustaining growth. SlurpyCoin is currently available for trading on PancakeSwap and offers a fun community vibe, including a song contest for an airdrop.

 

"SlurpyCoin ($SLURPY) uses a never before seen slurponomics system to not only create tasty dips, but slurp them up itself. Here’s how it works: 3% of every transaction is redistributed to token holders. 2% of every transaction is held in the contract until 100k $SLURPY is stored, which it will then sell for BNB. That BNB is then held by the contract, and after it has sold $SLURPY 200 times, the contract then uses all of the stored BNB to buy and burn $SLURPY, effectively slurping its own dip."

 

This attack is also linked to a previous vulnerability that resulted in a loss of approximately $10,000 in MintRisesPrices (WMRP) tokens on July 2nd.

 

Amount of loss: $ 3,000

 

Explore This Case Further On Our Wiki

SlurpyCoin ($SLURPY) is a cryptocurrency with a unique "self-slurping" mechanism, which combines automatic buybacks and burns to reduce supply and potentially increase the coin's price. A portion of each transaction is redistributed to holders, and a portion is held in the contract until enough tokens are stored to be sold for BNB. After 200 sales, the stored BNB is used to buy and burn $SLURPY tokens, creating a cycle of self-sustaining growth. While SlurpyCoin offers a fun, community-driven vibe, it was recently targeted in an attack where the attacker manipulated the price, profiting around $3,000. The project appears to have been abandoned at some point after December 2021.

Sources And Further Reading

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