Azoundria: Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/masaaifaketokenrugpull.php}} {{Unattributed Sources}} Masa AI Logo/HomepageMasa AI had a much anticipated launch of their token, featuring on several large exchanges. The protocol would allow users to securely sell their digital footprint. Unfortunately, someone else also wanted to launch a token named Masa AI, at coincidentally the same time, and preferred to remove all..."

2024-05-10T19:36:32Z

Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/masaaifaketokenrugpull.php}} {{Unattributed Sources}} thumb|Masa AI Logo/HomepageMasa AI had a much anticipated launch of their token, featuring on several large exchanges. The protocol would allow users to securely sell their digital footprint. Unfortunately, someone else also wanted to launch a token named Masa AI, at coincidentally the same time, and preferred to remove all..."

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

[[File:Masaai.jpg|thumb|Masa AI Logo/Homepage]]Masa AI had a much anticipated launch of their token, featuring on several large exchanges. The protocol would allow users to securely sell their digital footprint. Unfortunately, someone else also wanted to launch a token named Masa AI, at coincidentally the same time, and preferred to remove all of the decentralized liquidity for themselves. The total profit was 142.078220524790190949 ETH.

This is a global/international case not involving a specific country.<ref name="slowmisthackedarchive-13505" /><ref name="dextools-13686" /><ref name="etherscan-13687" /><ref name="etherscan-13688" /><ref name="masa-13689" /><ref name="masa-13690" /><ref name="getmasafitwitter-13691" /><ref name="searchtwitter-13692" />

== About Masa AI ==
"Welcome to the New Data Paradigm. Masa is the leading decentralized AI data and LLM Network. Own, share, and earn from your data and compute to power AI applications."

"Fuel your AI applications with high-quality personal data and out-of-box large language models."

"Tap into the world’s most-valuable data streams: a user’s digital footprint. Train hyper-personalized AI models and agents with personal data, from browsing history to social engagement."

"Easily extract real-time, structured data from the public web and social media platforms using Masa's decentralized Oracle Network. Masa turns every user into a node worker."

"Build AI applications using the world's largest decentralized proprietary data network, consented and aggregated by users. Leverage Masa's decentralized data network and LLMs and create differentiated, hyper-personalized applications powered by real-time insights."

"The first, unified privacy-preserving and completely cookieless analytics solution for understanding web3 user behavior and growth. Get source attribution, campaign analytics, and user segmentation in 3 lines of code."

"Gamified quests, badges and domain names that incentivize community engagement and boost product usage. Supercharge your growth with Masa Growth campaigns."

"MASA is the utility token powering our decentralized AI data and LLM economy. Earn MASA by sharing your personal data."

"The highly-anticipated MASA Token launch has arrived. Buy and trade the leading AI x Crypto token.

The MASA Token is now live on Ethereum, BNB and the Masa Network, our dedicated Avalanche Subnet"

"Fake Masa on ETH is suspected of a rug pull, with the deployer removing substantial liquidity, causing a 100% price decline."

"Official $MASA Smart Contract: 0x944824290CC12F31ae18Ef51216A223Ba4063092"

"Please be aware of scams and fake contracts."

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 - Masa AI Fake Token Rug Pull
!Date
!Event
!Description
|-
|April 10th, 2024 3:27:00 AM MDT
|Masa Team Huobi Launch
|The Masa team announces that the token launch will include Huobi exchange.
|-
|April 11th, 2024 2:04:00 AM MDT
|Masa Token Launch
|The launch of the real Masa token. "Please be aware of scams and fake contracts."
|-
|April 11th, 2024 8:50:23 PM MDT
|Rug Pull Transaction
|The transaction happens to rug pull the liquidity of the fake MASA token.
|-
|April 14th, 2024 7:52:30 AM MDT
|SlowMist Review
|According to the timestamp embedded in the link, the SlowMist security team is reviewing this rug pull for inclusion in their case list as a rug pull.
|}

== 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 $502,000 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-13505">[https://web.archive.org/web/20240501212440/https://hacked.slowmist.io/?c=&page=2 SlowMist Hacked - SlowMist Zone] (May 1, 2024)</ref>

<ref name="dextools-13686">[https://www.dextools.io/app/cn/ether/pair-explorer/0x60d436adaf38bc54b546a68e35d77934f08ffadc https://www.dextools.io/app/cn/ether/pair-explorer/0x60d436adaf38bc54b546a68e35d77934f08ffadc] (May 9, 2024)</ref>

<ref name="etherscan-13687">[https://etherscan.io/address/0xeb35c058b3b15e2a2f21042cbc127138d8d80a71 Address 0xeb35c058b3b15e2a2f21042cbc127138d8d80a71 | Etherscan] (May 9, 2024)</ref>

<ref name="etherscan-13688">[https://etherscan.io/tx/0xd7f4f4dbd112e2b29279836bfed1e57b922f249ab2ff3ac5c36ccc155d05fca2 Ethereum Transaction Hash (Txhash) Details | Etherscan] (May 9, 2024)</ref>

<ref name="masa-13689">[https://www.masa.ai/ Masa: The Decentralized AI Data & LLM Network] (May 9, 2024)</ref>

<ref name="masa-13690">[https://www.masa.ai/token Masa: The Decentralized AI Data & LLM Network] (May 9, 2024)</ref>

<ref name="getmasafitwitter-13691">[https://twitter.com/getmasafi/status/1777991685642874996 @getmasafi Twitter] (May 9, 2024)</ref>

<ref name="searchtwitter-13692">[https://twitter.com/search?q=masa%20from%3Agetmasafi%20until%3A2024-04-13%20since%3A2024-04-09&src=typed_query&f=top @search Twitter] (May 9, 2024)</ref></references>

Masa AI Fake Token Rug Pull - Revision history