TIN FINANCE

DESCRIPTION OF EVENTS

"Tin Finance is a next-generation yield farming service that provides trustless vault options to make essential staking, locking for both individual and enterprise closes $100K seed round led by Nano Capital, Asaty Fund and International Group Capital." "Tin Finance promised users a pre-sale of 100,000 USD in return for TIN tokens."

"Tin Finance is a Pancakeswap exchange Fork running in Binance Smart Chain." "TIN includes Trade Binance Smart Chain, Yield Farming, Double symbolic economy, Different prize system, NFT Insurance, Administration, Loaning/Borrowing, Non-inflationary security, [and] Fiat exchange availability."

"Tin Finance is launching a crypto Airdrop campaign to community. Join the Airdrop program and complete the tasks, You will get free 5 TIN Tokens with an estimate value of $5. Step by step to claim TIN Tokes as below." "Click on ‘Statistics’ to check Your TIN Token balance and get referral link. You will get free 5 TIN Tokens ~ $5 after Airdrop campaign ends. Share Your referral link to invite people to the Airdrop campaign, You will earn extra 1 TIN Token ~ $1 per referral."

"Popcornswap, SharkYield, Zap Finance, Tin Finance, Multi Financial - be careful, exit scams." "In a few days, three projects (Zap Finance and Tin Finance, SharkYield) ran away." "[T]wo other De-Fi projects, Zap Finance and Tin Finance, have run off with user funds."

In a "significant rug pull done by Tin Finance [they made] away with about $140,000 worth of liquidity. This project has also gone ghost since the incident, but there Twitter [was] still live [for a brief period before going offline]."

"This rug-pull was structured in a bit of a differ[e]nt fashion, being that of a pre-sale scam." "This project used the Tin Finance contract deployer to siphon liquidity which was then converted to WBNB and bridged off of the BSC. Ultimately the team created a false ethos and promises of a pre-sale, to run off with users money."

"There are reports that the Tin Finance team has deleted the website and possibly rug-pulled. Please exercise caution when interacting with this address." "The BSC team is negotiating refunds to users."

Tin Finance promoted a large token pre-sale for their smart contract through an airdrop promotion.

Once the time was right, the team used a deployer to siphon the liquidity out of the smart contract, making off with $140k worth of funds.

It is not known if any funds were recovered.

HOW COULD THIS HAVE BEEN PREVENTED?

Tin Finance was run by an anonymous team, possibly a single person of unknown background. The funds were not stored offline, nor in a multi-signature arrangement.

Check Our Framework For Safe Secure Exchange Platforms

Popcornswap, SharkYield, Zap Finance, Tin Finance, Multi Financial — осторожно (Jul 10)
SlowMist Hacked - SlowMist Zone (May 18)
Tin Finance (TIN) Token Tracker | BscScan (Aug 14)
Tin Finance Crypto Airdrop - Get Free $5 Of TIN Tokens - (Aug 14)
TIN FINANCE AIRDROP Total to earn per participant 5 TIN and Per referral = 1 TIN (Aug 14)
Tin Finance Swap (Aug 14)
$ 5 Tin Finance Airdrop - Nulled and Leak Forums (Aug 14)
Tin Finance (Aug 14)
☑️NEW - Airdrop Tin Finance is a Pancakeswap exchange Fork running in Binance Smart Chain | BeerMoneyForum.com - We Help Each Other to Make Money Online (Aug 14)
What Are Liquidity Siphon Rugpulls on Binance Smart Chain? (Aug 14)
Address 0xde508c7a6d374ecd29e0f45a92472ddc655394e7 | BscScan (Aug 14)
Address 0x75b84a45fd046c01e3cd9ac725e991a8d28fe5f7 | BscScan (Aug 14)
Четыре DeFi-проекта на Binance Smart Chain совершили экзит-скам на 54 тысячи токенов BNB | Cryptotox (Aug 14)
Tin Finance (TIN) ERC20 Token Analytics | Binance Smart Chain Mainnet | Bitquery (Aug 14)
Tin Finance Airdrop (Scam) – Crypto PH Airdrops and Giveaways  (Aug 14)

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