Gold Mine Finance Scam - Revision history

Azoundria at 18:09, 14 May 2024

2024-05-14T18:09:38Z

← Older revision		Revision as of 12:09, 14 May 2024
Line 4:		Line 4:

	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.
	<ref name="~~slowmist~~-2069" /><ref name="ftmscan-7008" /><ref name="apeoclock-7009" /><ref name="apeoclock-7010" /><ref name="quillhashmedium-7011" /><ref name="rugdociotwitter-7012" /><ref name="insuraceblog-7013" /><ref name="ftmscan-7014" /><ref name="ftmscan-7015" />		<ref name="slowmisthacked-2069" /><ref name="ftmscan-7008" /><ref name="apeoclock-7009" /><ref name="apeoclock-7010" /><ref name="quillhashmedium-7011" /><ref name="rugdociotwitter-7012" /><ref name="insuraceblog-7013" /><ref name="ftmscan-7014" /><ref name="ftmscan-7015" /><ref name="comparitech-10032" />

	== About Gold Mine Finance ==		== About Gold Mine Finance ==
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	== References ==		== References ==
	<references>		<references>
	<ref name="~~slowmist~~-2069">[https://hacked.slowmist.io/en/ SlowMist Hacked - SlowMist Zone] (Jun 26, 2021)</ref>		<ref name="slowmisthacked-2069">[https://hacked.slowmist.io/en/ SlowMist Hacked - SlowMist Zone] (Jun 26, 2021)</ref>
	<ref name="ftmscan-7008">[https://ftmscan.com/token/0x6a6Ef77835984768edA843Ad90f4c0E31A50d1a3 Gold Mine Finance (GoldMine) Token Tracker \| FtmScan] (Mar 10, 2022)</ref>		<ref name="ftmscan-7008">[https://ftmscan.com/token/0x6a6Ef77835984768edA843Ad90f4c0E31A50d1a3 Gold Mine Finance (GoldMine) Token Tracker \| FtmScan] (Mar 10, 2022)</ref>
	<ref name="apeoclock-7009">[https://www.apeoclock.com/launch/gold-mine-finance-full-protocol-launch/ Gold Mine Finance Full Protocol Launch - Ape O'Clock] (Mar 10, 2022)</ref>		<ref name="apeoclock-7009">[https://www.apeoclock.com/launch/gold-mine-finance-full-protocol-launch/ Gold Mine Finance Full Protocol Launch - Ape O'Clock] (Mar 10, 2022)</ref>
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	<ref name="rugdociotwitter-7016">[https://twitter.com/RugDocIO/status/1494740559428214787 RugDocIO - "GoldMine Finance Update GoldMine Finance has quickly pulled the rug after discovery." - Twitter] (Mar 10, 2022)</ref>		<ref name="rugdociotwitter-7016">[https://twitter.com/RugDocIO/status/1494740559428214787 RugDocIO - "GoldMine Finance Update GoldMine Finance has quickly pulled the rug after discovery." - Twitter] (Mar 10, 2022)</ref>
	<ref name="ftmscan-7017">[https://ftmscan.com/address/0xe0e02e88adb4d4eaa5cb2952842cd3c76571831a Address 0xe0e02e88adb4d4eaa5cb2952842cd3c76571831a \| FtmScan] (Mar 10, 2022)</ref>		<ref name="ftmscan-7017">[https://ftmscan.com/address/0xe0e02e88adb4d4eaa5cb2952842cd3c76571831a Address 0xe0e02e88adb4d4eaa5cb2952842cd3c76571831a \| FtmScan] (Mar 10, 2022)</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>		</references>

Azoundria: Another 30 minutes complete. Prevention added and much more research.

2023-07-11T22:27:11Z

Another 30 minutes complete. Prevention added and much more research.

Show changes

Azoundria at 01:32, 6 March 2023

2023-03-06T01:32:56Z

← Older revision		Revision as of 19:32, 5 March 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/goldminefinancescam.php}}		{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/goldminefinancescam.php}}
			{{Unattributed Sources}}

	Gold Mine Finance was a new protocol on the Fantom blockchain, a fork of Tomb Finance. There were no documents or website for the fork. It was promoted solely on Twitter and some listing sites. The smart contract hot wallet had a clever vulnerability present to enable the removal of liquidity. Although $800k of liquidity was originally present in the protocol, $700k was removed after RugDoc announced the vulnerability. The end losses were just $68k.		Gold Mine Finance was a new protocol on the Fantom blockchain, a fork of Tomb Finance. There were no documents or website for the fork. It was promoted solely on Twitter and some listing sites. The smart contract hot wallet had a clever vulnerability present to enable the removal of liquidity. Although $800k of liquidity was originally present in the protocol, $700k was removed after RugDoc announced the vulnerability. The end losses were just $68k.

	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.
			<ref name="slowmist-2069" /><ref name="ftmscan-7008" /><ref name="apeoclock-7009" /><ref name="apeoclock-7010" /><ref name="quillhashmedium-7011" /><ref name="rugdociotwitter-7012" /><ref name="insuraceblog-7013" /><ref name="ftmscan-7014" /><ref name="ftmscan-7015" /><ref name="rugdociotwitter-7016" /><ref name="ftmscan-7017" />

	== About Gold Mine Finance ==		== About Gold Mine Finance ==
Line 57:		Line 59:
	!Description		!Description
	\|-		\|-
	\|February 18th, 2022 11:17:00 AM		\|February 18th, 2022 11:17:00 AM MST
	\|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 84:		Line 86:
	== 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?
			== Individual Prevention Policies ==
			{{Prevention:Individuals:Placeholder}}

	== Prevention Policies ==		{{Prevention:Individuals:End}}
	~~Which policies could have prevented this event from happening?~~
			== Platform Prevention Policies ==
			{{Prevention:Platforms:Placeholder}}

			{{Prevention:Platforms:End}}

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

			{{Prevention:Regulators:End}}

	== References ==		== References ==
	[https://hacked.slowmist.io/en/ SlowMist Hacked - SlowMist Zone] (Jun 25)		<references><ref name="slowmist-2069">[https://hacked.slowmist.io/en/ SlowMist Hacked - SlowMist Zone] (Jun 26, 2021)</ref>

	[https://ftmscan.com/token/0x6a6Ef77835984768edA843Ad90f4c0E31A50d1a3 Gold Mine Finance (GoldMine) Token Tracker \| FtmScan] (Mar 10)		<ref name="ftmscan-7008">[https://ftmscan.com/token/0x6a6Ef77835984768edA843Ad90f4c0E31A50d1a3 Gold Mine Finance (GoldMine) Token Tracker \| FtmScan] (Mar 10, 2022)</ref>

	[https://www.apeoclock.com/launch/gold-mine-finance-full-protocol-launch/ Gold Mine Finance Full Protocol Launch - Ape O'Clock] (Mar 10)		<ref name="apeoclock-7009">[https://www.apeoclock.com/launch/gold-mine-finance-full-protocol-launch/ Gold Mine Finance Full Protocol Launch - Ape O'Clock] (Mar 10, 2022)</ref>

	[https://www.apeoclock.com/launch/gold-mine-finance-genesis-pools-launch/ Gold Mine Finance Genesis Pools Launch - Ape O'Clock] (Mar 10)		<ref name="apeoclock-7010">[https://www.apeoclock.com/launch/gold-mine-finance-genesis-pools-launch/ Gold Mine Finance Genesis Pools Launch - Ape O'Clock] (Mar 10, 2022)</ref>

	[https://medium.com/quillhash/worlds-largest-nft-marketplace-opensea-hacked-users-lost-nfts-a3bceab80a89 Worlds Largest Nft Marketplace Opensea Hacked Users Lost Nfts] (Mar 10)		<ref name="quillhashmedium-7011">[https://medium.com/quillhash/worlds-largest-nft-marketplace-opensea-hacked-users-lost-nfts-a3bceab80a89 Worlds Largest Nft Marketplace Opensea Hacked Users Lost Nfts] (Mar 10, 2022)</ref>

	[https://twitter.com/RugDocIO/status/1494737976819163139 @RugDocIO Twitter] (Mar 10)		<ref name="rugdociotwitter-7012">[https://twitter.com/RugDocIO/status/1494737976819163139 @RugDocIO Twitter] (Mar 10, 2022)</ref>

	[https://blog.insurace.io/security-incidents-in-february-9ba66f4bd0a3 https://blog.insurace.io/security-incidents-in-february-9ba66f4bd0a3] (Mar 10)		<ref name="insuraceblog-7013">[https://blog.insurace.io/security-incidents-in-february-9ba66f4bd0a3 https://blog.insurace.io/security-incidents-in-february-9ba66f4bd0a3] (Mar 10, 2022)</ref>

	[https://ftmscan.com/tx/0x898378ef66007eaf56b039282abc1da2294f26b5793448a45a3853351ba62b5d Fantom Transaction Hash (Txhash) Details \| FtmScan] (Mar 10)		<ref name="ftmscan-7014">[https://ftmscan.com/tx/0x898378ef66007eaf56b039282abc1da2294f26b5793448a45a3853351ba62b5d Fantom Transaction Hash (Txhash) Details \| FtmScan] (Mar 10, 2022)</ref>

	[https://ftmscan.com/address/0x5994bb7e06797b9d75b94915dd04e78ab7c4b2c4 Contract Address 0x5994bb7e06797b9d75b94915dd04e78ab7c4b2c4 \| FtmScan] (Mar 10)		<ref name="ftmscan-7015">[https://ftmscan.com/address/0x5994bb7e06797b9d75b94915dd04e78ab7c4b2c4 Contract Address 0x5994bb7e06797b9d75b94915dd04e78ab7c4b2c4 \| FtmScan] (Mar 10, 2022)</ref>

	[https://twitter.com/RugDocIO/status/1494740559428214787 @RugDocIO Twitter] (Mar 10)		<ref name="rugdociotwitter-7016">[https://twitter.com/RugDocIO/status/1494740559428214787 @RugDocIO Twitter] (Mar 10, 2022)</ref>

	[https://ftmscan.com/address/0xe0e02e88adb4d4eaa5cb2952842cd3c76571831a Address 0xe0e02e88adb4d4eaa5cb2952842cd3c76571831a \| FtmScan] (Mar 10)		<ref name="ftmscan-7017">[https://ftmscan.com/address/0xe0e02e88adb4d4eaa5cb2952842cd3c76571831a Address 0xe0e02e88adb4d4eaa5cb2952842cd3c76571831a \| FtmScan] (Mar 10, 2022)</ref></references>

Azoundria: Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/goldminefinancescam.php}} Gold Mine Finance was a new protocol on the Fantom blockchain, a fork of Tomb Finance. There were no documents or website for the fork. It was promoted solely on Twitter and some listing sites. The smart contract hot wallet had a clever vulnerability present to enable the removal of liquidity. Although $800k of liquidity was originally present in the protocol, $700k was r..."

2023-01-28T16:49:57Z

Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/goldminefinancescam.php}} Gold Mine Finance was a new protocol on the Fantom blockchain, a fork of Tomb Finance. There were no documents or website for the fork. It was promoted solely on Twitter and some listing sites. The smart contract hot wallet had a clever vulnerability present to enable the removal of liquidity. Although $800k of liquidity was originally present in the protocol, $700k was r..."

New page

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

Gold Mine Finance was a new protocol on the Fantom blockchain, a fork of Tomb Finance. There were no documents or website for the fork. It was promoted solely on Twitter and some listing sites. The smart contract hot wallet had a clever vulnerability present to enable the removal of liquidity. Although $800k of liquidity was originally present in the protocol, $700k was removed after RugDoc announced the vulnerability. The end losses were just $68k.

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

== About Gold Mine Finance ==
"New Tomb fork on FTM." "No docs. Farms to earn the shares token & Boardroom for bonding token launches today. There is no information on the supply of the shares token, epoch length, expansion rate, etc. GoldMine is the algostable, pegged to the price of USDC. No information on the name of the Shares and Bonding token." "No website yet, I’m linking you to their Twitter."

"Do NOT stake in Gold Mine Finance on #Fantom."

"The genesis launched 17 minutes ago, verified 15 minutes ago contains a clever hard rug that WILL BE PULLED."

"$800k already staked and likely will be lost."

"[W]hen adjusting the pool reward weights, the poolEndTimes are shifted. However, they are shifted 2 months in the past because the clever rugger used PoolStartTime within the first endTime." "Within the common recovery method, which can usually only be used to take out tokens when genesis has long ended, the recovery can occur 30 days after."

"Within minutes of our previous announcement, $700k of TVL monitoring rugdoc closely was able to get out! That's CRAZY." "Final Hard Rug Tally: 22688 DAI, 16893 FTM, 3153.2 TOMB, 14522 USDC Total ~$74,800 USD Over 91% were able to escape before they stole everything."

"Rugdoc.io tweeted that the Fantom ecological project Gold Mine Finance has rug pull."

"February 18 update – RugDoc reported the genesis pools contain hard rug code. Their Twitter was deleted."

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 - Gold Mine Finance Scam
!Date
!Event
!Description
|-
|February 18th, 2022 11:17:00 AM
|Main Event
|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
|-
|
|
|
|}

== Total Amount Lost ==
The total amount at risk has been estimated at $800,000 USD. The total amount lost has been estimated at $68,000 USD.

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 ==
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?

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

== Prevention Policies ==
Which policies could have prevented this event from happening?

== References ==
[https://hacked.slowmist.io/en/ SlowMist Hacked - SlowMist Zone] (Jun 25)

[https://ftmscan.com/token/0x6a6Ef77835984768edA843Ad90f4c0E31A50d1a3 Gold Mine Finance (GoldMine) Token Tracker | FtmScan] (Mar 10)

[https://www.apeoclock.com/launch/gold-mine-finance-full-protocol-launch/ Gold Mine Finance Full Protocol Launch - Ape O'Clock] (Mar 10)

[https://www.apeoclock.com/launch/gold-mine-finance-genesis-pools-launch/ Gold Mine Finance Genesis Pools Launch - Ape O'Clock] (Mar 10)

[https://medium.com/quillhash/worlds-largest-nft-marketplace-opensea-hacked-users-lost-nfts-a3bceab80a89 Worlds Largest Nft Marketplace Opensea Hacked Users Lost Nfts] (Mar 10)

[https://twitter.com/RugDocIO/status/1494737976819163139 @RugDocIO Twitter] (Mar 10)

[https://blog.insurace.io/security-incidents-in-february-9ba66f4bd0a3 https://blog.insurace.io/security-incidents-in-february-9ba66f4bd0a3] (Mar 10)

[https://ftmscan.com/tx/0x898378ef66007eaf56b039282abc1da2294f26b5793448a45a3853351ba62b5d Fantom Transaction Hash (Txhash) Details | FtmScan] (Mar 10)

[https://ftmscan.com/address/0x5994bb7e06797b9d75b94915dd04e78ab7c4b2c4 Contract Address 0x5994bb7e06797b9d75b94915dd04e78ab7c4b2c4 | FtmScan] (Mar 10)

[https://twitter.com/RugDocIO/status/1494740559428214787 @RugDocIO Twitter] (Mar 10)

[https://ftmscan.com/address/0xe0e02e88adb4d4eaa5cb2952842cd3c76571831a Address 0xe0e02e88adb4d4eaa5cb2952842cd3c76571831a | FtmScan] (Mar 10)