Azoundria: Created page with "{{Imported Case Study With About|source=https://www.quadrigainitiative.com/casestudy/malounevermemecoinrugpull.php}} {{Unattributed Sources}} Malou Never Tokenomics And Facebook BackgroundMALOU (NEVER) was a new memecoin built around the philosophy of perseverance and adaptability. The smart contract was built with centralized controls. On July 16th, the smart contract was used to drain assets from the community of investors. Social media h..."

2024-10-25T20:02:10Z

Created page with "{{Imported Case Study With About|source=https://www.quadrigainitiative.com/casestudy/malounevermemecoinrugpull.php}} {{Unattributed Sources}} thumb|Malou Never Tokenomics And Facebook BackgroundMALOU (NEVER) was a new memecoin built around the philosophy of perseverance and adaptability. The smart contract was built with centralized controls. On July 16th, the smart contract was used to drain assets from the community of investors. Social media h..."

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

[[File:Malounever.jpg|thumb|Malou Never Tokenomics And Facebook Background]]MALOU (NEVER) was a new memecoin built around the philosophy of perseverance and adaptability. The smart contract was built with centralized controls. On July 16th, the smart contract was used to drain assets from the community of investors. Social media has all been edleted and it is unclear what investigation is underway to potentially recover the funds.<ref name="slowmisthackedarchive-15116" /><ref name="bscscan-15117" /><ref name="malounevertwitter-15118" /><ref name="malounevertwitter-15119" /><ref name="bitget-15120" /><ref name="biztechafrica-15121" /><ref name="bscscan-15122" /><ref name="malounevermediumarchive-15123" /><ref name="malounevertwitter-15124" /><ref name="coinmarketcap-15125" /><ref name="coingecko-15126" /><ref name="gopluslabs-15127" /><ref name="malouarchive-15128" /><ref name="malouarchive-15129" />

== About Malou (Never) ==
"In the bustling world of cryptocurrency, where innovation and creativity intersect, emerges MALOU — a Blockchain meme project deeply rooted in the industrious spirit of the monkey. With the native token “NEVER,” MALOU endeavors to harness luck on the journey to success. This white paper outlines the vision, mechanics, and distribution strategy of MALOU, positioning it as a vibrant and engaging addition to the Binance Smart Chain (BSC) ecosystem.

MALOU represents more than just a digital token; it embodies a philosophy of perseverance and adaptability. Through clever branding and community engagement, MALOU seeks to establish itself as a prominent figure in the BSC meme coin space. By embracing the unpredictable nature of memes and combining it with the transparency of blockchain, MALOU aims to create an ecosystem where creativity flourishes, and fortunes are made."

"The native token of MALOU is aptly named “NEVER,” symbolizing the determination to never give up and to always strive for success. With a total supply of 1,000,000,000,000 NEVER tokens, the distribution strategy is designed to ensure liquidity, incentivize community participation, and foster growth."

"NEVER is listed on Gate.io. If you are a Gate user you can easily buy some NEVER coins. Apart from Gate, there are two options to buy Malou’s NEVER token; the official site and Pancakeswap."

== The Reality ==
"According to GoPlus, the contract creator can make changes to the token contract such as disabling sells, changing fees, minting, transferring tokens etc. Exercise caution."

== What Happened ==
"On BNB Chain, the MALOU (NEVER) token experienced over 99% slippage. The address 0xd7c358b8337d3116f5765060f48C1C71B9908B84 used a backdoor to sell NEVER tokens, obtaining 428 BNB (approximately $240,000), which were then transferred into Tornado."
{| class="wikitable"
|+Key Event Timeline - MALOU (NEVER) Memecoin Rug Pull
!Date
!Event
!Description
|-
|May 14th, 2024 11:57:51 PM MDT
|MALOU Whitepaper Release
|Whitepaper released about the MALOU (NEVER) token.
|-
|May 16th, 2024 7:38:16 AM MDT
|Creation Of Smart Contract
|Smart contract created in a blockchain transaction.
|-
|July 9th, 2024 10:41:48 PM MDT
|Token Price Increase Article
|BizTechAfrica publishes an article the 100% price increase.
|-
|July 16th, 2024 1:52:03 AM MDT
|Malicious Blockchain Transaction
|The rug pull transaction liquidates the funds stored in the smart contract.
|}

== 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 ==
The total amount lost has been estimated at $240,000 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?
== 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-15116">[https://web.archive.org/web/20240808214427/https://hacked.slowmist.io/?c=&page=2 SlowMist Hacked - SlowMist Zone] (Accessed Aug 27, 2024)</ref>

<ref name="bscscan-15117">[https://bscscan.com/tx/0x90254b3b0c28da99f48f23db54c86e5fcae890bf939e31dcd4a59d29045e77e4 BNB Smart Chain Transaction Hash (Txhash) Details | BscScan] (Accessed Aug 27, 2024)</ref>

<ref name="malounevertwitter-15118">[https://twitter.com/malounever/status/1790965482683830626 @malounever Twitter] (Accessed Aug 27, 2024)</ref>

<ref name="malounevertwitter-15119">[https://twitter.com/malounever/status/1795710299850612787 @malounever Twitter] (Accessed Aug 27, 2024)</ref>

<ref name="bitget-15120">[https://www.bitget.com/price/malou https://www.bitget.com/price/malou] (Accessed Aug 27, 2024)</ref>

<ref name="biztechafrica-15121">[https://www.biztechafrica.com/article/malou-never-price-prediction/70220/ Malou (NEVER): Price Prediction from 2024 - 2030; Where To Buy? Is It A Good Investment?] (Accessed Aug 27, 2024)</ref>

<ref name="bscscan-15122">[https://bscscan.com/token/0xeac7250cf7ef47abdccb26df77b81bdac3da4cfb MALOU (NEVER) Token Tracker | BscScan] (Accessed Aug 27, 2024)</ref>

<ref name="malounevermediumarchive-15123">[https://web.archive.org/web/20240529020945/https://medium.com/@malounever/malou-never-whitepaper-c98629fb94f4 MALOU $NEVER Whitepaper. Inspired by the Industrious Spirit of… | by MALOU $NEVER | May, 2024 | Medium] (Accessed Aug 27, 2024)</ref>

<ref name="malounevertwitter-15124">[https://twitter.com/malounever @malounever Twitter] (Accessed Aug 27, 2024)</ref>

<ref name="coinmarketcap-15125">[https://coinmarketcap.com/currencies/malou/ MALOU price today, NEVER to USD live price, marketcap and chart | CoinMarketCap] (Accessed Aug 27, 2024)</ref>

<ref name="coingecko-15126">[https://www.coingecko.com/en/coins/malou https://www.coingecko.com/en/coins/malou] (Accessed Aug 27, 2024)</ref>

<ref name="gopluslabs-15127">[https://www.gopluslabs.io/token-security/56/0xeaC7250cf7Ef47abDCCb26dF77b81BdaC3Da4cfb GOPLUS] (Accessed Aug 27, 2024)</ref>

<ref name="malouarchive-15128">[https://web.archive.org/web/20240521100901/https://malou.win/ MALOU] (Accessed Aug 27, 2024)</ref>

<ref name="malouarchive-15129">[https://web.archive.org/web/20240602233852/https://malou.win/ MALOU] (Accessed Aug 27, 2024)</ref></references>

MALOU (NEVER) Memecoin Rug Pull - Revision history