Azoundria: Created page with "{{Imported Case Study With About|source=https://www.quadrigainitiative.com/casestudy/linkingtheworldlwtransferlogicissue.php}} {{Unattributed Sources}} Generic Binance Security ImageLinking The World (LW) is a smart contract on the Binance Smart Chain. The contract was launched on July 7th, and shortly thereafter a breach enabled all of the liquidity to be taken from the smart contract. The incident was reported by SlowMist, ExVul, and..."

2024-09-18T21:54:01Z

Created page with "{{Imported Case Study With About|source=https://www.quadrigainitiative.com/casestudy/linkingtheworldlwtransferlogicissue.php}} {{Unattributed Sources}} thumb|Generic Binance Security ImageLinking The World (LW) is a smart contract on the Binance Smart Chain. The contract was launched on July 7th, and shortly thereafter a breach enabled all of the liquidity to be taken from the smart contract. The incident was reported by SlowMist, ExVul, and..."

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{{Imported Case Study With About|source=https://www.quadrigainitiative.com/casestudy/linkingtheworldlwtransferlogicissue.php}}
{{Unattributed Sources}}

[[File:Binancesecurity.jpg|thumb|Generic Binance Security Image]]Linking The World (LW) is a smart contract on the Binance Smart Chain. The contract was launched on July 7th, and shortly thereafter a breach enabled all of the liquidity to be taken from the smart contract. The incident was reported by SlowMist, ExVul, and ChainAegis. It's unclear who is behind the smart contract. Another contract with the same name was launched on July 11th, and it's unclear if the two contracts are related or not.<ref name="slowmisthackedarchive-14638" /><ref name="slowmistteamtwitter-14639" /><ref name="blocksecapp-14640" /><ref name="bscscan-14641" /><ref name="chainaegistwitter-14642" /><ref name="exvulsectwitter-14643" /><ref name="top100token-14644" /><ref name="bscscan-14645" /><ref name="top100token-14646" />

== About Linking The World (LW) ==
Linking The World (LW) is a smart contract on the Binance Smart Chain. The contract was launched on July 7th. It's unclear who is behind the smart contract or how it was promoted.

== The Reality ==
The contract has been considered to be a RugPull or HoneyPot.

"This Token Contract is a SCAM The Warden system based on data from 1.000.000+ SmartContract, this contract has 95% to be a RugPull or HoneyPot!"

== What Happened ==
"The $LW contract on #BNBChain was attacked, lost ～$70K."
{| class="wikitable"
|+Key Event Timeline - Linking The World (LW) Transfer Logic Issue
!Date
!Event
!Description
|-
|July 7th, 2024 12:33:35 AM MDT
|Smart Contract Created
|The Linking The World smart contract is originally created.
|-
|July 8th, 2024 1:33:32 AM MDT
|Blockchain Transaction
|The blockchain transaction appears to do a series of transfers and accumulate a large quantity of Linking the World tokens.
|-
|July 8th, 2024 1:44:00 AM MDT
|SlowMist Suspicion Tweet
|SlowMist reports having detected potentially suspicious activity in the Linking The World smart contract.
|-
|July 8th, 2024 7:24:00 AM MDT
|ExVul Transaction Report
|ExVul reports on the transaction. According to their analysis, there is a problem found with the transfer logic.
|-
|July 8th, 2024 11:11:00 PM MDT
|ChainAegis Report
|ChainAegis shares a tweet with additional details about the exploit.
|}

== Technical Details ==
"detected an attack on $LW on BNB Smart Chain, with a potential loss of $7,251 From the transaction point of view, attacker transfer multi-times $LW token , seems there is problem in transfer logic."

== Total Amount Lost ==
"losing approximately $80,000." - SlowMist

"lost ～$70K." - ChainAegis

"a potential loss of $7,251 From the transaction point of view" - ExVul

The total amount lost has been estimated at $80,000 USD.

== Immediate Reactions ==
"This Token Contract is a SCAM The Warden system based on data from 1.000.000+ SmartContract, this contract has 95% to be a RugPull or HoneyPot!"

"According to monitoring by the SlowMist security team, Linking The World (LW) was attacked on BNBChain due to a contract vulnerability, losing approximately $80,000."

"The $LW contract on #BNBChain was attacked, lost ～$70K."

"detected an attack on $LW on BNB Smart Chain, with a potential loss of $7,251 From the transaction point of view, attacker transfer multi-times $LW token , seems there is problem in transfer logic."

== Ultimate Outcome ==
Potential relaunch of token: https://top100token.com/address/0xe1573d84ad11216a63820711ac644ab0c2838a4b

== 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?
== 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:Regulators:End}}

== References ==
<references><ref name="slowmisthackedarchive-14638">[https://web.archive.org/web/20240711160134/https://hacked.slowmist.io/ SlowMist Hacked - SlowMist Zone] (Accessed Jul 11, 2024)</ref>

<ref name="slowmistteamtwitter-14639">[https://twitter.com/SlowMist_Team/status/1810218484196118748 @SlowMist_Team Twitter] (Accessed Jul 11, 2024)</ref>

<ref name="blocksecapp-14640">[https://app.blocksec.com/explorer/tx/bsc/0x96a955304fed48a8fbfb1396ec7658e7dc42b7c140298b80ce4206df34f40e8d 0x96a955304fed48a8fb | Phalcon Explorer] (Accessed Jul 11, 2024)</ref>

<ref name="bscscan-14641">[https://bscscan.com/tx/0x96a955304fed48a8fbfb1396ec7658e7dc42b7c140298b80ce4206df34f40e8d BNB Smart Chain Transaction Hash (Txhash) Details | BscScan] (Accessed Jul 11, 2024)</ref>

<ref name="chainaegistwitter-14642">[https://twitter.com/ChainAegis/status/1810542369567314236 @ChainAegis Twitter] (Accessed Jul 11, 2024)</ref>

<ref name="exvulsectwitter-14643">[https://twitter.com/EXVULSEC/status/1810304030503219412 @EXVULSEC Twitter] (Accessed Jul 11, 2024)</ref>

<ref name="top100token-14644">[https://top100token.com/address/0xabc6e5a63689b8542dbdc4b4f39a7e00d4ac30c8 Linking The World (LW) contract is 0xabc6e5a63689b8542dbdc4b4f39a7e00d4ac30c8 on BSC | Top100Token] (Accessed Jul 11, 2024)</ref>

<ref name="bscscan-14645">[https://bscscan.com/tx/0x207183e0c9d4802184b232cfef3175413f47f944f098eb002ae57a42916caa50 BNB Smart Chain Transaction Hash (Txhash) Details | BscScan] (Accessed Jul 11, 2024)</ref>

<ref name="top100token-14646">[https://top100token.com/address/0xe1573d84ad11216a63820711ac644ab0c2838a4b Linking The World Defi (LWDEFI) contract is 0xe1573d84ad11216a63820711ac644ab0c2838a4b on BSC | Top100Token] (Accessed Jul 11, 2024)</ref></references>

Linking The World (LW) Transfer Logic Issue - Revision history