Beer Garden Finance Exit Scam - Revision history

Azoundria at 21:40, 10 May 2024

2024-05-10T21:40:44Z

← Older revision		Revision as of 15:40, 10 May 2024
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	The anonymous team disappeared with all funds.		The anonymous team disappeared with all funds.

	This is a global/international case not involving a specific country.<ref name="bitcointalk-1580" /><ref name="boxmining-1585" /><ref name="bitcoinworldreport-1788" /><ref name="bscscan-2818" /><ref name="coincodex-2819" /><ref name="coingecko-2820" /><ref name="reddit-2821" /><ref name="tokenbeertelegram-2822" /><ref name="dappradar-2823" />		This is a global/international case not involving a specific country.<ref name="bitcointalk-1580" /><ref name="boxmining-1585" /><ref name="bitcoinworldreport-1788" /><ref name="bscscan-2818" /><ref name="coincodex-2819" /><ref name="coingecko-2820" /><ref name="reddit-2821" /><ref name="tokenbeertelegram-2822" /><ref name="dappradar-2823" /><ref name="comparitech-10032" />

	== About Beer Garden Finance ==		== About Beer Garden Finance ==
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	<ref name="tokenbeertelegram-2822">[https://t.me/tokenbeer Telegram: Contact @tokenbeer] (Aug 22, 2021)</ref>		<ref name="tokenbeertelegram-2822">[https://t.me/tokenbeer Telegram: Contact @tokenbeer] (Aug 22, 2021)</ref>

	<ref name="dappradar-2823">[https://dappradar.com/binance-smart-chain/defi/beer-garden Beer Garden \| DappRadar] (Aug 22, 2021)</ref></references>		<ref name="dappradar-2823">[https://dappradar.com/binance-smart-chain/defi/beer-garden Beer Garden \| DappRadar] (Aug 22, 2021)</ref>

			<ref name="comparitech-10032">[https://www.comparitech.com/crypto/cryptocurrency-scams/ Worldwide crypto & NFT rug pulls and scams tracker - Comparitech] (Dec 15, 2022)</ref></references>

Azoundria at 17:56, 2 May 2023

2023-05-02T17:56:04Z

← Older revision		Revision as of 11:56, 2 May 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/beergardenfinanceexitscam.php}}		{{Imported Case Study 2\|source=https://www.quadrigainitiative.com/casestudy/beergardenfinanceexitscam.php}}
	{{Unattributed Sources}}		{{Unattributed Sources}}

Line 6:		Line 6:
	The anonymous team disappeared with all funds.		The anonymous team disappeared with all funds.

	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.<ref name="bitcointalk-1580" /><ref name="boxmining-1585" /><ref name="bitcoinworldreport-1788" /><ref name="bscscan-2818" /><ref name="coincodex-2819" /><ref name="coingecko-2820" /><ref name="reddit-2821" /><ref name="tokenbeertelegram-2822" /><ref name="dappradar-2823" />
	<ref name="bitcointalk-1580" /><ref name="boxmining-1585" /><ref name="bitcoinworldreport-1788" /><ref name="bscscan-2818" /><ref name="coincodex-2819" /><ref name="coingecko-2820" /><ref name="reddit-2821" /><ref name="tokenbeertelegram-2822" /><ref name="dappradar-2823" />

	== About Beer Garden Finance ==		== About Beer Garden Finance ==
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	!Description		!Description
	\|-		\|-
	\|October 10th, 2020 ~~12:00:00 AM~~		\|October 10th, 2020
	\|Main Event		\|Main Event
	\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.		\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
Line 69:		Line 68:
	\|		\|
	\|}		\|}

			== Technical Details ==
			This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

	== Total Amount Lost ==		== Total Amount Lost ==
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	== Ongoing Developments ==		== Ongoing Developments ==
	What parts of this case are still remaining to be concluded?		What parts of this case are still remaining to be concluded?
			== General Prevention Policies ==
			In general, funds should be stored in offline multi-signature storage by known entities. The system should be prepared for the full loss of any funds stored in smart contract hot wallets.
			== Individual Prevention Policies ==
			{{Prevention:Individuals:Placeholder}}

			{{Prevention:Individuals:End}}

			== Platform Prevention Policies ==
			{{Prevention:Platforms:Placeholder}}

			{{Prevention:Platforms:End}}

			== Regulatory Prevention Policies ==
			{{Prevention:Regulators:Placeholder}}

	== Prevention ~~Policies ==~~		{{Prevention:Regulators:End}}
	~~In general, funds should be stored in offline multi-signature storage by known entities. The system should be prepared for the full loss of any funds stored in smart contract hot wallets.~~

	== References ==		== References ==
	<references><ref name="bitcointalk-1580">[https://bitcointalk.org/index.php?topic=5281309.80 List of Defi scams] (Jul 11, 2021)</ref>		<references><ref name="bitcointalk-1580">[https://bitcointalk.org/index.php?topic=5281309.80 List of Defi scams] (Jul 12, 2021)</ref>

	<ref name="boxmining-1585">[https://boxmining.com/newsletter-11/ Newsletter #11] (Jul 11, 2021)</ref>		<ref name="boxmining-1585">[https://boxmining.com/newsletter-11/ Newsletter #11] (Jul 12, 2021)</ref>

	<ref name="bitcoinworldreport-1788">[https://bitcoinworldreport.com/bitcoin/12-defi-con-artists-exposed-are-rug-pulling-incidents-threatening-the-future-of-defi/ 12 Defi Con Artists Exposed – Are Rug Pulling Incidents Threatening the Future of Defi ? – Bitcoin worldReport] (Jul 23, 2021)</ref>		<ref name="bitcoinworldreport-1788">[https://bitcoinworldreport.com/bitcoin/12-defi-con-artists-exposed-are-rug-pulling-incidents-threatening-the-future-of-defi/ 12 Defi Con Artists Exposed – Are Rug Pulling Incidents Threatening the Future of Defi ? – Bitcoin worldReport] (Jul 24, 2021)</ref>

	<ref name="bscscan-2818">[https://bscscan.com/token/0xbb8db5e17bbe9c90da8e3445e335b82d7cc53575 beergarden.finance (Beer) Token Tracker \| BscScan] (Aug 21, 2021)</ref>		<ref name="bscscan-2818">[https://bscscan.com/token/0xbb8db5e17bbe9c90da8e3445e335b82d7cc53575 beergarden.finance (Beer) Token Tracker \| BscScan] (Aug 22, 2021)</ref>

	<ref name="coincodex-2819">[https://coincodex.com/crypto/beergarden-finance/ beergarden.finance (BEER) Price, Chart, Value & Market Cap \| CoinCodex] (Aug 21, 2021)</ref>		<ref name="coincodex-2819">[https://coincodex.com/crypto/beergarden-finance/ beergarden.finance (BEER) Price, Chart, Value & Market Cap \| CoinCodex] (Aug 22, 2021)</ref>

	<ref name="coingecko-2820">[https://www.coingecko.com/en/coins/beer-token Beer Token price, BEER chart, market cap, and info \| CoinGecko] (Aug 21, 2021)</ref>		<ref name="coingecko-2820">[https://www.coingecko.com/en/coins/beer-token Beer Token price, BEER chart, market cap, and info \| CoinGecko] (Aug 22, 2021)</ref>

	<ref name="reddit-2821">[https://www.reddit.com/r/BeerTokenOfficial/ BeerTokenOfficial] (Aug 21, 2021)</ref>		<ref name="reddit-2821">[https://www.reddit.com/r/BeerTokenOfficial/ BeerTokenOfficial] (Aug 22, 2021)</ref>

	<ref name="tokenbeertelegram-2822">[https://t.me/tokenbeer Telegram: Contact @tokenbeer] (Aug 21, 2021)</ref>		<ref name="tokenbeertelegram-2822">[https://t.me/tokenbeer Telegram: Contact @tokenbeer] (Aug 22, 2021)</ref>

	<ref name="dappradar-2823">[https://dappradar.com/binance-smart-chain/defi/beer-garden Beer Garden \| DappRadar] (Aug 21, 2021)</ref></references>		<ref name="dappradar-2823">[https://dappradar.com/binance-smart-chain/defi/beer-garden Beer Garden \| DappRadar] (Aug 22, 2021)</ref></references>

Azoundria at 16:53, 22 February 2023

2023-02-22T16:53:33Z

← Older revision		Revision as of 10:53, 22 February 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/beergardenfinanceexitscam.php}}		{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/beergardenfinanceexitscam.php}}
			{{Unattributed Sources}}

	[[File:Beergarden.jpg\|thumb\|Beer Garden Finance]]Beer Garden Finance offered a supposed community governance and yield farming token that rewarded staking.		[[File:Beergarden.jpg\|thumb\|Beer Garden Finance]]Beer Garden Finance offered a supposed community governance and yield farming token that rewarded staking.
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	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.
			<ref name="bitcointalk-1580" /><ref name="boxmining-1585" /><ref name="bitcoinworldreport-1788" /><ref name="bscscan-2818" /><ref name="coincodex-2819" /><ref name="coingecko-2820" /><ref name="reddit-2821" /><ref name="tokenbeertelegram-2822" /><ref name="dappradar-2823" />

	== About Beer Garden Finance ==		== About Beer Garden Finance ==
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	Don't Include:		Don't Include:

	* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.		* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
	* Anything that wasn't reasonably knowable at the time of the event.		* Anything that wasn't reasonably knowable at the time of the event.
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	\|-		\|-
	\|October 10th, 2020 12:00:00 AM		\|October 10th, 2020 12:00:00 AM
	\|~~First~~ Event		\|Main Event
	\|~~This is an expanded~~ description of what happened and the impact. If multiple lines are necessary, add them here.		\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
	\|-
	\|
	\|
	\|
	\|-		\|-
	\|		\|
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	== Total Amount Recovered ==		== Total Amount Recovered ==
	~~It is unknown how much was~~ recovered.		There do not appear to have been any funds recovered in this case.

	What funds were recovered? What funds were reimbursed for those affected users?		What funds were recovered? What funds were reimbursed for those affected users?
Line 96:		Line 93:

	== References ==		== References ==
	[https://bitcointalk.org/index.php?topic=5281309.80 List of Defi scams] (Jul 11)		<references><ref name="bitcointalk-1580">[https://bitcointalk.org/index.php?topic=5281309.80 List of Defi scams] (Jul 11, 2021)</ref>

	[https://boxmining.com/newsletter-11/ Newsletter #11] (Jul 11)		<ref name="boxmining-1585">[https://boxmining.com/newsletter-11/ Newsletter #11] (Jul 11, 2021)</ref>

	[https://bitcoinworldreport.com/bitcoin/12-defi-con-artists-exposed-are-rug-pulling-incidents-threatening-the-future-of-defi/ 12 Defi Con Artists Exposed – Are Rug Pulling Incidents Threatening the Future of Defi ? – Bitcoin worldReport] (Jul 23)		<ref name="bitcoinworldreport-1788">[https://bitcoinworldreport.com/bitcoin/12-defi-con-artists-exposed-are-rug-pulling-incidents-threatening-the-future-of-defi/ 12 Defi Con Artists Exposed – Are Rug Pulling Incidents Threatening the Future of Defi ? – Bitcoin worldReport] (Jul 23, 2021)</ref>

	[https://bscscan.com/token/0xbb8db5e17bbe9c90da8e3445e335b82d7cc53575 beergarden.finance (Beer) Token Tracker \| BscScan] (Aug 21)		<ref name="bscscan-2818">[https://bscscan.com/token/0xbb8db5e17bbe9c90da8e3445e335b82d7cc53575 beergarden.finance (Beer) Token Tracker \| BscScan] (Aug 21, 2021)</ref>

	[https://coincodex.com/crypto/beergarden-finance/ beergarden.finance (BEER) Price, Chart, Value & Market Cap \| CoinCodex] (Aug 21)		<ref name="coincodex-2819">[https://coincodex.com/crypto/beergarden-finance/ beergarden.finance (BEER) Price, Chart, Value & Market Cap \| CoinCodex] (Aug 21, 2021)</ref>

	[https://www.coingecko.com/en/coins/beer-token Beer Token price, BEER chart, market cap, and info \| CoinGecko] (Aug 21)		<ref name="coingecko-2820">[https://www.coingecko.com/en/coins/beer-token Beer Token price, BEER chart, market cap, and info \| CoinGecko] (Aug 21, 2021)</ref>

	[https://www.reddit.com/r/BeerTokenOfficial/ BeerTokenOfficial] (Aug 21)		<ref name="reddit-2821">[https://www.reddit.com/r/BeerTokenOfficial/ BeerTokenOfficial] (Aug 21, 2021)</ref>

	[https://t.me/tokenbeer Telegram: Contact @tokenbeer] (Aug 21)		<ref name="tokenbeertelegram-2822">[https://t.me/tokenbeer Telegram: Contact @tokenbeer] (Aug 21, 2021)</ref>

	[https://dappradar.com/binance-smart-chain/defi/beer-garden Beer Garden \| DappRadar] (Aug 21)		<ref name="dappradar-2823">[https://dappradar.com/binance-smart-chain/defi/beer-garden Beer Garden \| DappRadar] (Aug 21, 2021)</ref></references>

Azoundria: Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/beergardenfinanceexitscam.php}} Beer Garden FinanceBeer Garden Finance offered a supposed community governance and yield farming token that rewarded staking. The anonymous team disappeared with all funds. This is a global/international case not involving a specific country. == About Beer Garden Finance == "BeerGarden is a new exciting experimental Defi project. All..."

2023-01-25T18:56:45Z

Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/beergardenfinanceexitscam.php}} thumb|Beer Garden FinanceBeer Garden Finance offered a supposed community governance and yield farming token that rewarded staking. The anonymous team disappeared with all funds. This is a global/international case not involving a specific country. == About Beer Garden Finance == "BeerGarden is a new exciting experimental Defi project. All..."

New page

{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/beergardenfinanceexitscam.php}}

[[File:Beergarden.jpg|thumb|Beer Garden Finance]]Beer Garden Finance offered a supposed community governance and yield farming token that rewarded staking.

The anonymous team disappeared with all funds.

This is a global/international case not involving a specific country.

== About Beer Garden Finance ==
"BeerGarden is a new exciting experimental Defi project. All contracts will be verify on BSC.

BeerGarden project is created on BSC network - one of the leading Blockchain platforms. At this stage BeerGarden is in beta experimental phase and BeerGarden protocol is based on BEP20 token Beer"

"Yield Farming in the Binance smart chain BSC." "Beer Token (BEER) aim to produce a platform that will help grow small businesses around the globe as well as enable users to become more financially free and have fun while doing so because saving money on drinks means more financial freedom to spend money on the necessary things in life."

"Beer is a community governance token for staking rewards. Beer reward pool will be reduced by half every 7 days from the beginning of each pool."

"The pandemic has crippled the hospitality industry and people are eager to get out have a good time, while still gaining momentum towards financial freedom and comfort."

"With Beer Token every party, consumer or business that participates profits from each transaction made by every other Beer Token user making it mutually beneficial to support for everyone involved. Beer Token's tokenomics benefit the entire community by means of non-custodial auto-staking & redistribution incentives, all which are geared toward compound interest for both businesses & consumers."

"Beer Garden Finance: Founder holds over 50% of the token supply in his personal wallet. When our community asked for more details such as a github link for the project, or timelocks for the tokens they were banned from the Telegram group."

"There are reports that the Beer Garden team has deleted the website and social media accounts. Please exercise caution when interacting with this address."

This is a global/international case not involving a specific country.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

* Known history of when and how the service was started.
* What problems does the company or service claim to solve?
* What marketing materials were used by the firm or business?
* Audits performed, and excerpts that may have been included.
* Business registration documents shown (fake or legitimate).
* How were people recruited to participate?
* Public warnings and announcements prior to the event.

Don't Include:

* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
* Anything that wasn't reasonably knowable at the time of the event.
There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

== The Reality ==
This sections is included if a case involved deception or information that was unknown at the time. Examples include:

* When the service was actually started (if different than the "official story").
* Who actually ran a service and their own personal history.
* How the service was structured behind the scenes. (For example, there was no "trading bot".)
* Details of what audits reported and how vulnerabilities were missed during auditing.

== What Happened ==
The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.
{| class="wikitable"
|+Key Event Timeline - Beer Garden Finance Exit Scam
!Date
!Event
!Description
|-
|October 10th, 2020 12:00:00 AM
|First Event
|This is an expanded description of what happened and the impact. If multiple lines are necessary, add them here.
|-
|
|
|
|-
|
|
|
|}

== Total Amount Lost ==
The total amount lost is unknown.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

== Immediate Reactions ==
How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

== Ultimate Outcome ==
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

== Total Amount Recovered ==
It is unknown how much was recovered.

What funds were recovered? What funds were reimbursed for those affected users?

== Ongoing Developments ==
What parts of this case are still remaining to be concluded?

== Prevention Policies ==
In general, funds should be stored in offline multi-signature storage by known entities. The system should be prepared for the full loss of any funds stored in smart contract hot wallets.

== References ==
[https://bitcointalk.org/index.php?topic=5281309.80 List of Defi scams] (Jul 11)

[https://boxmining.com/newsletter-11/ Newsletter #11] (Jul 11)

[https://bitcoinworldreport.com/bitcoin/12-defi-con-artists-exposed-are-rug-pulling-incidents-threatening-the-future-of-defi/ 12 Defi Con Artists Exposed – Are Rug Pulling Incidents Threatening the Future of Defi ? – Bitcoin worldReport] (Jul 23)

[https://bscscan.com/token/0xbb8db5e17bbe9c90da8e3445e335b82d7cc53575 beergarden.finance (Beer) Token Tracker | BscScan] (Aug 21)

[https://coincodex.com/crypto/beergarden-finance/ beergarden.finance (BEER) Price, Chart, Value & Market Cap | CoinCodex] (Aug 21)

[https://www.coingecko.com/en/coins/beer-token Beer Token price, BEER chart, market cap, and info | CoinGecko] (Aug 21)

[https://www.reddit.com/r/BeerTokenOfficial/ BeerTokenOfficial] (Aug 21)

[https://t.me/tokenbeer Telegram: Contact @tokenbeer] (Aug 21)

[https://dappradar.com/binance-smart-chain/defi/beer-garden Beer Garden | DappRadar] (Aug 21)