Helios Cash Runs Off - Revision history

Azoundria at 21:50, 10 May 2024

2024-05-10T21:50:46Z

← Older revision		Revision as of 15:50, 10 May 2024
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	[[File:Helioscash.jpg\|thumb\|Helios Cash]]The Helios Cash project was started by an anonymous team (possibly even an individual). The project used various techniques to gain trust and credibility before using an exploit that they'd built into the platform to make off with everyone's funds.		[[File:Helioscash.jpg\|thumb\|Helios Cash]]The Helios Cash project was started by an anonymous team (possibly even an individual). The project used various techniques to gain trust and credibility before using an exploit that they'd built into the platform to make off with everyone's funds.

	This is a global/international case not involving a specific country.<ref name="slowmisthacked-678" /><ref name="dappradar-2606" /><ref name="coingecko-2607" /><ref name="rugdoc-2608" /><ref name="polygonscan-2609" /><ref name="ath-2610" /><ref name="helioscasharchive-2611" /><ref name="nomics-2612" />		This is a global/international case not involving a specific country.<ref name="slowmisthacked-678" /><ref name="dappradar-2606" /><ref name="coingecko-2607" /><ref name="rugdoc-2608" /><ref name="polygonscan-2609" /><ref name="ath-2610" /><ref name="helioscasharchive-2611" /><ref name="nomics-2612" /><ref name="comparitech-10032" />

	== About Helios Cash ==		== About Helios Cash ==
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	<ref name="helioscasharchive-2611">[https://web.archive.org/web/20210704231018/https://www.helios.cash/ Helios.Cash] (Aug 19, 2021)</ref>		<ref name="helioscasharchive-2611">[https://web.archive.org/web/20210704231018/https://www.helios.cash/ Helios.Cash] (Aug 19, 2021)</ref>

	<ref name="nomics-2612">[https://nomics.com/assets/heo-helios-cash $HEO - Helios Cash Price, Charts, All-Time High, Volume & Markets - In USD, EUR, CNY etc. \| Nomics] (Aug 19, 2021)</ref></references>		<ref name="nomics-2612">[https://nomics.com/assets/heo-helios-cash $HEO - Helios Cash Price, Charts, All-Time High, Volume & Markets - In USD, EUR, CNY etc. \| Nomics] (Aug 19, 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 16:28, 3 May 2023

2023-05-03T16:28:36Z

← Older revision		Revision as of 10:28, 3 May 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/helioscashrunsoff.php}}		{{Imported Case Study 2\|source=https://www.quadrigainitiative.com/casestudy/helioscashrunsoff.php}}
	{{Unattributed Sources}}		{{Unattributed Sources}}

	[[File:Helioscash.jpg\|thumb\|Helios Cash]]The Helios Cash project was started by an anonymous team (possibly even an individual). The project used various techniques to gain trust and credibility before using an exploit that they'd built into the platform to make off with everyone's funds.		[[File:Helioscash.jpg\|thumb\|Helios Cash]]The Helios Cash project was started by an anonymous team (possibly even an individual). The project used various techniques to gain trust and credibility before using an exploit that they'd built into the platform to make off with everyone's 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="slowmisthacked-678" /><ref name="dappradar-2606" /><ref name="coingecko-2607" /><ref name="rugdoc-2608" /><ref name="polygonscan-2609" /><ref name="ath-2610" /><ref name="helioscasharchive-2611" /><ref name="nomics-2612" />
	<ref name="slowmisthacked-678" /><ref name="dappradar-2606" /><ref name="coingecko-2607" /><ref name="rugdoc-2608" /><ref name="polygonscan-2609" /><ref name="ath-2610" /><ref name="helioscasharchive-2611" /><ref name="nomics-2612" />

	== About Helios Cash ==		== About Helios Cash ==
Line 61:		Line 60:
	!Description		!Description
	\|-		\|-
	\|July 8th, 2021 ~~12:00:00 AM~~		\|July 8th, 2021
	\|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 ==
			With a proper framework, there would not be a need for anonymity of the team. In this case, all critical parts could be in the control of a proper multi-signature setup.
			== 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}}
	~~With a proper framework, there would not be a need for anonymity of the team. In this case, all critical parts could be in the control of a proper multi-signature setup.~~

	== References ==		== References ==

Azoundria at 03:48, 23 February 2023

2023-02-23T03:48:40Z

Azoundria: Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/helioscashrunsoff.php}} Helios CashThe Helios Cash project was started by an anonymous team (possibly even an individual). The project used various techniques to gain trust and credibility before using an exploit that they'd built into the platform to make off with everyone's funds. This is a global/international case not involving a specific country. == About Helio..."

2023-01-27T20:50:41Z

Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/helioscashrunsoff.php}} thumb|Helios CashThe Helios Cash project was started by an anonymous team (possibly even an individual). The project used various techniques to gain trust and credibility before using an exploit that they'd built into the platform to make off with everyone's funds. This is a global/international case not involving a specific country. == About Helio..."

New page

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

[[File:Helioscash.jpg|thumb|Helios Cash]]The Helios Cash project was started by an anonymous team (possibly even an individual). The project used various techniques to gain trust and credibility before using an exploit that they'd built into the platform to make off with everyone's funds.

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

== About Helios Cash ==
"Only the best yields with Helios Cash" "Polygon's best DEX aggregator"

"Helioswap is a DEX aggregator that gets you the best prices from your DEX trades. Helioswap splits your trade across multiple DEXes to ensure the best prices and lowest slippage possible. Your trades with Helioswap also become non-front-runnable and non-arbitrageable."

"Helios Cash [was] a yield farming aggregator running on Polygon Chain (MATIC). The DApp (Decentralised Application) was designed with the purpose of optimising DeFi (Decentralised Finance) users yields as they interact with the other DApps in the DeFi space."

"Helios Cash was initiated on Polygon with no pre-farm, no pre-sales and with the goal of optimising DeFi users' yield farming at the lowest possible cost (All APY & APRs shown have already included fees)."

"Helios Vaults [was] a yield optimizer platform focused on providing DeFi users with helios-compounded yields at empirical optimal intervals, whilst pooling gas costs through battle-tested smart contract code and best-in-class yield optimizing strategies. Helios Cash uses a proprietary dynamic harvesting optimizer to enable the highest APYs on our vaults."

"[J]ust listed on #CoinGecko! Make sure to click "Like" for Helios Cash!"

"The highest price ever paid for Helios Cash (HEO) was 0.874 USD, set on June 30th, 2021."

The "project ha[d] an upgradeable proxy which points to an unverified implementation contract which has a migrator and can remove all funds at any time."

"The polygon chain DeFi project helios runs off." "They rugged using the migrator code. Website and TG are down."

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 - Helios Cash Runs Off
!Date
!Event
!Description
|-
|July 8th, 2021 12:00:00 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 lost has been estimated at $1,447,000 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 ==
With a proper framework, there would not be a need for anonymity of the team. In this case, all critical parts could be in the control of a proper multi-signature setup.

== References ==
[https://hacked.slowmist.io/en/?c=ETH%20DApp SlowMist Hacked - SlowMist Zone] (May 17)

[https://dappradar.com/polygon/defi/helios-cash Helios Cash | DappRadar] (Aug 18)

[https://www.coingecko.com/en/coins/helios-cash Helios Cash price, HEO chart, market cap, and info | CoinGecko] (Aug 18)

[https://rugdoc.io/project/helios-cash/ Helios.Cash – RugDoc] (Aug 18)

[https://polygonscan.com/address/0xf4604ac9e5f162dd96d3a122835cc5cdbaaef1db#code Contract Address 0xf4604ac9e5f162dd96d3a122835cc5cdbaaef1db | PolygonScan] (Aug 18)

[https://ath.ooo/heo Helios Cash (HEO) All-Time High] (Aug 18)

[https://web.archive.org/web/20210704231018/https://www.helios.cash/ Helios.Cash] (Aug 18)

[https://nomics.com/assets/heo-helios-cash $HEO - Helios Cash Price, Charts, All-Time High, Volume & Markets - In USD, EUR, CNY etc. | Nomics] (Aug 18)

← Older revision		Revision as of 21:48, 22 February 2023
Line 1:		Line 1:
	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/helioscashrunsoff.php}}		{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/helioscashrunsoff.php}}
			{{Unattributed Sources}}

	[[File:Helioscash.jpg\|thumb\|Helios Cash]]The Helios Cash project was started by an anonymous team (possibly even an individual). The project used various techniques to gain trust and credibility before using an exploit that they'd built into the platform to make off with everyone's funds.		[[File:Helioscash.jpg\|thumb\|Helios Cash]]The Helios Cash project was started by an anonymous team (possibly even an individual). The project used various techniques to gain trust and credibility before using an exploit that they'd built into the platform to make off with everyone's 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="slowmisthacked-678" /><ref name="dappradar-2606" /><ref name="coingecko-2607" /><ref name="rugdoc-2608" /><ref name="polygonscan-2609" /><ref name="ath-2610" /><ref name="helioscasharchive-2611" /><ref name="nomics-2612" />

	== About Helios Cash ==		== About Helios Cash ==
Line 91:		Line 93:

	== References ==		== References ==
	[https://hacked.slowmist.io/en/?c=ETH%20DApp SlowMist Hacked - SlowMist Zone] (May 17)		<references><ref name="slowmisthacked-678">[https://hacked.slowmist.io/en/?c=ETH%20DApp SlowMist Hacked - SlowMist Zone] (May 18, 2021)</ref>

	[https://dappradar.com/polygon/defi/helios-cash Helios Cash \| DappRadar] (Aug 18)		<ref name="dappradar-2606">[https://dappradar.com/polygon/defi/helios-cash Helios Cash \| DappRadar] (Aug 19, 2021)</ref>

	[https://www.coingecko.com/en/coins/helios-cash Helios Cash price, HEO chart, market cap, and info \| CoinGecko] (Aug 18)		<ref name="coingecko-2607">[https://www.coingecko.com/en/coins/helios-cash Helios Cash price, HEO chart, market cap, and info \| CoinGecko] (Aug 19, 2021)</ref>

	[https://rugdoc.io/project/helios-cash/ Helios.Cash – RugDoc] (Aug 18)		<ref name="rugdoc-2608">[https://rugdoc.io/project/helios-cash/ Helios.Cash – RugDoc] (Aug 19, 2021)</ref>

	[https://polygonscan.com/address/0xf4604ac9e5f162dd96d3a122835cc5cdbaaef1db#code Contract Address 0xf4604ac9e5f162dd96d3a122835cc5cdbaaef1db \| PolygonScan] (Aug 18)		<ref name="polygonscan-2609">[https://polygonscan.com/address/0xf4604ac9e5f162dd96d3a122835cc5cdbaaef1db#code Contract Address 0xf4604ac9e5f162dd96d3a122835cc5cdbaaef1db \| PolygonScan] (Aug 19, 2021)</ref>

	[https://ath.ooo/heo Helios Cash (HEO) All-Time High] (Aug 18)		<ref name="ath-2610">[https://ath.ooo/heo Helios Cash (HEO) All-Time High] (Aug 19, 2021)</ref>

	[https://web.archive.org/web/20210704231018/https://www.helios.cash/ Helios.Cash] (Aug 18)		<ref name="helioscasharchive-2611">[https://web.archive.org/web/20210704231018/https://www.helios.cash/ Helios.Cash] (Aug 19, 2021)</ref>

	[https://nomics.com/assets/heo-helios-cash $HEO - Helios Cash Price, Charts, All-Time High, Volume & Markets - In USD, EUR, CNY etc. \| Nomics] (Aug 18)		<ref name="nomics-2612">[https://nomics.com/assets/heo-helios-cash $HEO - Helios Cash Price, Charts, All-Time High, Volume & Markets - In USD, EUR, CNY etc. \| Nomics] (Aug 19, 2021)</ref></references>