Pizza DeFi's Epic Crash - Revision history

Azoundria at 16:16, 2 May 2023

2023-05-02T16:16:42Z

← Older revision		Revision as of 10:16, 2 May 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/pizzadefisepiccrash.php}}		{{Imported Case Study 2\|source=https://www.quadrigainitiative.com/casestudy/pizzadefisepiccrash.php}}
	{{Unattributed ~~Citations~~}}		{{Unattributed Sources}}

	[[File:Pizzafinance.jpg\|thumb\|Pizza DeFi]]Pizza Finance created a token with almost no initial liquidity. This spread virally, for reasons that are not immediately clear, since there was nothing inherently unique about the token and many other tokens also call themselves PIZZA.		[[File:Pizzafinance.jpg\|thumb\|Pizza DeFi]]Pizza Finance created a token with almost no initial liquidity. This spread virally, for reasons that are not immediately clear, since there was nothing inherently unique about the token and many other tokens also call themselves PIZZA.
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	While no assets were lost, all participants who purchased the tokens for a high price and didn't sell in time suffered trading losses. The project's website and social media are still online, and the last tweet mentions that the project is still alive, though that was on September 6th, 2020.		While no assets were lost, all participants who purchased the tokens for a high price and didn't sell in time suffered trading losses. The project's website and social media are still online, and the last tweet mentions that the project is still alive, though that was on September 6th, 2020.

	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.<ref name="cryptopotato-1389" /><ref name="defimarketcap-1409" /><ref name="newsbtc-1410" /><ref name="pizzafinance-1411" /><ref name="beincrypto-1412" /><ref name="etherscan-1413" /><ref name="etherscan-1414" /><ref name="livecoinwatch-1415" /><ref name="criptonoticias-1416" /><ref name="worldcoinindextwitter-1417" /><ref name="pizzafinancemedium-1418" /><ref name="cryptoast-1419" /><ref name="pizzafinance1twitter-1420" /><ref name="pizzafinance1twitter-1421" />
	<ref name="cryptopotato-1389" /><ref name="defimarketcap-1409" /><ref name="newsbtc-1410" /><ref name="pizzafinance-1411" /><ref name="beincrypto-1412" /><ref name="etherscan-1413" /><ref name="etherscan-1414" /><ref name="livecoinwatch-1415" /><ref name="criptonoticias-1416" /><ref name="worldcoinindextwitter-1417" /><ref name="pizzafinancemedium-1418" /><ref name="cryptoast-1419" /><ref name="pizzafinance1twitter-1420" /><ref name="pizzafinance1twitter-1421" />

	== About Pizza DeFi ==		== About Pizza DeFi ==
Line 55:		Line 54:
	!Description		!Description
	\|-		\|-
	\|September 2nd, 2020 ~~12:00:00 AM~~		\|September 2nd, 2020
	\|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.
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	\|		\|
	\|}		\|}

			== 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 ==
			There were no assets lost in this case. Exchanges should not list tokens which have existed for less than a week and have no liquidity.
			== 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}}
	~~There were no assets lost in this case. Exchanges should not list tokens which have existed for less than a week and have no liquidity.~~

	== References ==		== References ==
	<references><ref name="cryptopotato-1389">[https://cryptopotato.com/4000-to-1-in-5-minutes-defi-hotdog-and-pizza-present-free-fall-on-their-first-day/ $4000 To $1 In 5 Minutes: DeFi HOTDOG and Pizza Present Free Fall on Their First Day] (Jun 12, 2021)</ref>		<references><ref name="cryptopotato-1389">[https://cryptopotato.com/4000-to-1-in-5-minutes-defi-hotdog-and-pizza-present-free-fall-on-their-first-day/ $4000 To $1 In 5 Minutes: DeFi HOTDOG and Pizza Present Free Fall on Their First Day] (Jun 13, 2021)</ref>

	<ref name="defimarketcap-1409">[https://defimarketcap.io/token/0xd54f79fc6904d7d6f349d4298f344ed982745455 https://defimarketcap.io/token/0xd54f79fc6904d7d6f349d4298f344ed982745455] (Jul 9, 2021)</ref>		<ref name="defimarketcap-1409">[https://defimarketcap.io/token/0xd54f79fc6904d7d6f349d4298f344ed982745455 https://defimarketcap.io/token/0xd54f79fc6904d7d6f349d4298f344ed982745455] (Jul 10, 2021)</ref>

	<ref name="newsbtc-1410">[https://www.newsbtc.com/news/pizza-hot-dogs-uniswaps-crypto-investors/ Pizza & Hot Dogs: How Uniswap's Profit Buffet Can Burn Crypto Investors] (Jul 9, 2021)</ref>		<ref name="newsbtc-1410">[https://www.newsbtc.com/news/pizza-hot-dogs-uniswaps-crypto-investors/ Pizza & Hot Dogs: How Uniswap's Profit Buffet Can Burn Crypto Investors] (Jul 10, 2021)</ref>

	<ref name="pizzafinance-1411">[https://pizzafinance.com/ PIZZA FINANCE] (Jul 9, 2021)</ref>		<ref name="pizzafinance-1411">[https://pizzafinance.com/ PIZZA FINANCE] (Jul 10, 2021)</ref>

	<ref name="beincrypto-1412">[https://beincrypto.com/dodgy-defi-food-farming-fuels-huge-hotdog-pump-and-dump/ Dodgy DeFi Food Farming Fuels Huge HOTDOG Pump and Dump - BeInCrypto] (Jul 9, 2021)</ref>		<ref name="beincrypto-1412">[https://beincrypto.com/dodgy-defi-food-farming-fuels-huge-hotdog-pump-and-dump/ Dodgy DeFi Food Farming Fuels Huge HOTDOG Pump and Dump - BeInCrypto] (Jul 10, 2021)</ref>

	<ref name="etherscan-1413">[https://etherscan.io/address/0x1D8dce63d49252DD8ECa38B1ABfe4d3f160e0647#code PizzaToken \| 0x1D8dce63d49252DD8ECa38B1ABfe4d3f160e0647] (Jul 9, 2021)</ref>		<ref name="etherscan-1413">[https://etherscan.io/address/0x1D8dce63d49252DD8ECa38B1ABfe4d3f160e0647#code PizzaToken \| 0x1D8dce63d49252DD8ECa38B1ABfe4d3f160e0647] (Jul 10, 2021)</ref>

	<ref name="etherscan-1414">[https://etherscan.io/address/0x05425dea48662006cd0dc1a0429543951e35aeb5 Address 0x05425dea48662006cd0dc1a0429543951e35aeb5 \| Etherscan] (Jul 9, 2021)</ref>		<ref name="etherscan-1414">[https://etherscan.io/address/0x05425dea48662006cd0dc1a0429543951e35aeb5 Address 0x05425dea48662006cd0dc1a0429543951e35aeb5 \| Etherscan] (Jul 10, 2021)</ref>

	<ref name="livecoinwatch-1415">[https://www.livecoinwatch.com/price/PIZZAFINANCE-PIZZA PIZZA FINANCE (PIZZA) live coin price, charts, markets & liquidity] (Jul 9, 2021)</ref>		<ref name="livecoinwatch-1415">[https://www.livecoinwatch.com/price/PIZZAFINANCE-PIZZA PIZZA FINANCE (PIZZA) live coin price, charts, markets & liquidity] (Jul 10, 2021)</ref>

	<ref name="criptonoticias-1416">[https://www.criptonoticias.com/mercados/sushi-pizza-hotdog-comida-defi-caer-mal-bolsillo/ Sushi, Pizza y Hot dog: Comida DeFi que le puede caer mal a ti y a tu bolsillo] (Jul 9, 2021)</ref>		<ref name="criptonoticias-1416">[https://www.criptonoticias.com/mercados/sushi-pizza-hotdog-comida-defi-caer-mal-bolsillo/ Sushi, Pizza y Hot dog: Comida DeFi que le puede caer mal a ti y a tu bolsillo] (Jul 10, 2021)</ref>

	<ref name="worldcoinindextwitter-1417">[https://twitter.com/WorldCoinIndex/status/1301480278175748096 @WorldCoinIndex Twitter] (Jul 9, 2021)</ref>		<ref name="worldcoinindextwitter-1417">[https://twitter.com/WorldCoinIndex/status/1301480278175748096 @WorldCoinIndex Twitter] (Jul 10, 2021)</ref>

	<ref name="pizzafinancemedium-1418">[https://medium.com/@pizzafinance Pizzafinance – Medium] (Jul 9, 2021)</ref>		<ref name="pizzafinancemedium-1418">[https://medium.com/@pizzafinance Pizzafinance – Medium] (Jul 10, 2021)</ref>

	<ref name="cryptoast-1419">[https://cryptoast.fr/defi-tokens-hotdog-pizza-calcines-99-quelques-minutes/ DeFi : les tokens HOTDOG et PIZZA calcinés à 99% en quelques minutes] (Jul 9, 2021)</ref>		<ref name="cryptoast-1419">[https://cryptoast.fr/defi-tokens-hotdog-pizza-calcines-99-quelques-minutes/ DeFi : les tokens HOTDOG et PIZZA calcinés à 99% en quelques minutes] (Jul 10, 2021)</ref>

	<ref name="pizzafinance1twitter-1420">[https://twitter.com/pizzafinance1/status/1301482742241046533 @pizzafinance1 Twitter] (Jul 9, 2021)</ref>		<ref name="pizzafinance1twitter-1420">[https://twitter.com/pizzafinance1/status/1301482742241046533 @pizzafinance1 Twitter] (Jul 10, 2021)</ref>

	<ref name="pizzafinance1twitter-1421">[https://twitter.com/pizzafinance1/status/1302537790513532929 @pizzafinance1 Twitter] (Jul 9, 2021)</ref></references>		<ref name="pizzafinance1twitter-1421">[https://twitter.com/pizzafinance1/status/1302537790513532929 @pizzafinance1 Twitter] (Jul 10, 2021)</ref></references>

Azoundria at 17:22, 17 February 2023

2023-02-17T17:22:01Z

← Older revision		Revision as of 11:22, 17 February 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/pizzadefisepiccrash.php}}		{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/pizzadefisepiccrash.php}}
			{{Unattributed Citations}}

	[[File:Pizzafinance.jpg\|thumb\|Pizza DeFi]]Pizza Finance created a token with almost no initial liquidity. This spread virally, for reasons that are not immediately clear, since there was nothing inherently unique about the token and many other tokens also call themselves PIZZA.		[[File:Pizzafinance.jpg\|thumb\|Pizza DeFi]]Pizza Finance created a token with almost no initial liquidity. This spread virally, for reasons that are not immediately clear, since there was nothing inherently unique about the token and many other tokens also call themselves PIZZA.
Line 6:		Line 7:

	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.
			<ref name="cryptopotato-1389" /><ref name="defimarketcap-1409" /><ref name="newsbtc-1410" /><ref name="pizzafinance-1411" /><ref name="beincrypto-1412" /><ref name="etherscan-1413" /><ref name="etherscan-1414" /><ref name="livecoinwatch-1415" /><ref name="criptonoticias-1416" /><ref name="worldcoinindextwitter-1417" /><ref name="pizzafinancemedium-1418" /><ref name="cryptoast-1419" /><ref name="pizzafinance1twitter-1420" /><ref name="pizzafinance1twitter-1421" />

	== About Pizza DeFi ==		== About Pizza DeFi ==
Line 33:		Line 35:

	Don't Include:		Don't Include:

	* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.		* 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.		* Anything that wasn't reasonably knowable at the time of the event.
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	\|-		\|-
	\|September 2nd, 2020 12:00:00 AM		\|September 2nd, 2020 12:00:00 AM
	\|~~First~~ Event		\|Main Event
	\|~~This is an expanded~~ 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.
	\|-
	\|
	\|
	\|
	\|-		\|-
	\|		\|
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	== Total Amount Lost ==		== Total Amount Lost ==
	The total amount lost ~~is unknown~~.		The total amount lost has been estimated at $10,087,000 USD.

	How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?		How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?
Line 79:		Line 76:

	== Total Amount Recovered ==		== Total Amount Recovered ==
	~~It is unknown how much was~~ 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?		What funds were recovered? What funds were reimbursed for those affected users?
Line 90:		Line 87:

	== References ==		== References ==
	[https://cryptopotato.com/4000-to-1-in-5-minutes-defi-hotdog-and-pizza-present-free-fall-on-their-first-day/ $4000 To $1 In 5 Minutes: DeFi HOTDOG and Pizza Present Free Fall on Their First Day] (Jun 12)		<references><ref name="cryptopotato-1389">[https://cryptopotato.com/4000-to-1-in-5-minutes-defi-hotdog-and-pizza-present-free-fall-on-their-first-day/ $4000 To $1 In 5 Minutes: DeFi HOTDOG and Pizza Present Free Fall on Their First Day] (Jun 12, 2021)</ref>

	[https://defimarketcap.io/token/0xd54f79fc6904d7d6f349d4298f344ed982745455 https://defimarketcap.io/token/0xd54f79fc6904d7d6f349d4298f344ed982745455] (Jul 9)		<ref name="defimarketcap-1409">[https://defimarketcap.io/token/0xd54f79fc6904d7d6f349d4298f344ed982745455 https://defimarketcap.io/token/0xd54f79fc6904d7d6f349d4298f344ed982745455] (Jul 9, 2021)</ref>

	[https://www.newsbtc.com/news/pizza-hot-dogs-uniswaps-crypto-investors/ Pizza & Hot Dogs: How Uniswap's Profit Buffet Can Burn Crypto Investors] (Jul 9)		<ref name="newsbtc-1410">[https://www.newsbtc.com/news/pizza-hot-dogs-uniswaps-crypto-investors/ Pizza & Hot Dogs: How Uniswap's Profit Buffet Can Burn Crypto Investors] (Jul 9, 2021)</ref>

	[https://pizzafinance.com/ PIZZA FINANCE] (Jul 9)		<ref name="pizzafinance-1411">[https://pizzafinance.com/ PIZZA FINANCE] (Jul 9, 2021)</ref>

	[https://beincrypto.com/dodgy-defi-food-farming-fuels-huge-hotdog-pump-and-dump/ Dodgy DeFi Food Farming Fuels Huge HOTDOG Pump and Dump - BeInCrypto] (Jul 9)		<ref name="beincrypto-1412">[https://beincrypto.com/dodgy-defi-food-farming-fuels-huge-hotdog-pump-and-dump/ Dodgy DeFi Food Farming Fuels Huge HOTDOG Pump and Dump - BeInCrypto] (Jul 9, 2021)</ref>

	[https://etherscan.io/address/0x1D8dce63d49252DD8ECa38B1ABfe4d3f160e0647#code PizzaToken \| 0x1D8dce63d49252DD8ECa38B1ABfe4d3f160e0647] (Jul 9)		<ref name="etherscan-1413">[https://etherscan.io/address/0x1D8dce63d49252DD8ECa38B1ABfe4d3f160e0647#code PizzaToken \| 0x1D8dce63d49252DD8ECa38B1ABfe4d3f160e0647] (Jul 9, 2021)</ref>

	[https://etherscan.io/address/0x05425dea48662006cd0dc1a0429543951e35aeb5 Address 0x05425dea48662006cd0dc1a0429543951e35aeb5 \| Etherscan] (Jul 9)		<ref name="etherscan-1414">[https://etherscan.io/address/0x05425dea48662006cd0dc1a0429543951e35aeb5 Address 0x05425dea48662006cd0dc1a0429543951e35aeb5 \| Etherscan] (Jul 9, 2021)</ref>

	[https://www.livecoinwatch.com/price/PIZZAFINANCE-PIZZA PIZZA FINANCE (PIZZA) live coin price, charts, markets & liquidity] (Jul 9)		<ref name="livecoinwatch-1415">[https://www.livecoinwatch.com/price/PIZZAFINANCE-PIZZA PIZZA FINANCE (PIZZA) live coin price, charts, markets & liquidity] (Jul 9, 2021)</ref>

	[https://www.criptonoticias.com/mercados/sushi-pizza-hotdog-comida-defi-caer-mal-bolsillo/ Sushi, Pizza y Hot dog: Comida DeFi que le puede caer mal a ti y a tu bolsillo] (Jul 9)		<ref name="criptonoticias-1416">[https://www.criptonoticias.com/mercados/sushi-pizza-hotdog-comida-defi-caer-mal-bolsillo/ Sushi, Pizza y Hot dog: Comida DeFi que le puede caer mal a ti y a tu bolsillo] (Jul 9, 2021)</ref>

	[https://twitter.com/WorldCoinIndex/status/1301480278175748096 @WorldCoinIndex Twitter] (Jul 9)		<ref name="worldcoinindextwitter-1417">[https://twitter.com/WorldCoinIndex/status/1301480278175748096 @WorldCoinIndex Twitter] (Jul 9, 2021)</ref>

	[https://medium.com/@pizzafinance Pizzafinance – Medium] (Jul 9)		<ref name="pizzafinancemedium-1418">[https://medium.com/@pizzafinance Pizzafinance – Medium] (Jul 9, 2021)</ref>

	[https://cryptoast.fr/defi-tokens-hotdog-pizza-calcines-99-quelques-minutes/ DeFi : les tokens HOTDOG et PIZZA calcinés à 99% en quelques minutes] (Jul 9)		<ref name="cryptoast-1419">[https://cryptoast.fr/defi-tokens-hotdog-pizza-calcines-99-quelques-minutes/ DeFi : les tokens HOTDOG et PIZZA calcinés à 99% en quelques minutes] (Jul 9, 2021)</ref>

	[https://twitter.com/pizzafinance1/status/1301482742241046533 @pizzafinance1 Twitter] (Jul 9)		<ref name="pizzafinance1twitter-1420">[https://twitter.com/pizzafinance1/status/1301482742241046533 @pizzafinance1 Twitter] (Jul 9, 2021)</ref>

	[https://twitter.com/pizzafinance1/status/1302537790513532929 @pizzafinance1 Twitter] (Jul 9)		<ref name="pizzafinance1twitter-1421">[https://twitter.com/pizzafinance1/status/1302537790513532929 @pizzafinance1 Twitter] (Jul 9, 2021)</ref></references>

Azoundria: Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/pizzadefisepiccrash.php}} Pizza DeFiPizza Finance created a token with almost no initial liquidity. This spread virally, for reasons that are not immediately clear, since there was nothing inherently unique about the token and many other tokens also call themselves PIZZA. While no assets were lost, all participants who purchased the tokens for a high price and didn..."

2023-01-25T17:47:20Z

Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/pizzadefisepiccrash.php}} thumb|Pizza DeFiPizza Finance created a token with almost no initial liquidity. This spread virally, for reasons that are not immediately clear, since there was nothing inherently unique about the token and many other tokens also call themselves PIZZA. While no assets were lost, all participants who purchased the tokens for a high price and didn..."

New page

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

[[File:Pizzafinance.jpg|thumb|Pizza DeFi]]Pizza Finance created a token with almost no initial liquidity. This spread virally, for reasons that are not immediately clear, since there was nothing inherently unique about the token and many other tokens also call themselves PIZZA.

While no assets were lost, all participants who purchased the tokens for a high price and didn't sell in time suffered trading losses. The project's website and social media are still online, and the last tweet mentions that the project is still alive, though that was on September 6th, 2020.

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

== About Pizza DeFi ==
"Crazy returns one slice at a time. Pizza is where bitcoin started as well. 10000 BTC for 2 pizza in 2010. Now 1000 [pizza] every block." "[C]loned DeFi platform called Pizza Finance offered six-figure returns for its liquidity providers." "They are essentially clones of other defi platforms, some of which are clones themselves."

"Some market watchers have claimed it is not wise to search for the next big DeFi superstar, as there’s a risk of getting burned. But because these confident and exuberant crypto investors blinded by greed simply cannot resist the allure of profits, they are betting their Ethereum and suffering losses." "It is quite possible that groups of coordinated traders throw themselves on a token so that a FOMO effect engages in its regard."

"HOTDOG, PIZZA and KIMCHI went on sale and in less than 24 hours they have experienced a Pump & Bump movement where a series of Ethereum farmers inflate the price of the tokens to the maximum ( pump ). Then, they exit their positions, reducing the value of the token to almost zero ( dump ). You could say that the DeFi Food has expired quickly."

"According to Uniswap.info, a spurious token from Pizza Finance pumped to $370 then dumped to zero within two hours on Sept 2." "These tokens were being dumped while others were mid-farming them at decent valuations, but have since plummeted to nearly zero per token."

"$PIZZA is not dead. We are resurrecting back. Had COVID cases in family. We would get $PIZZA everywhere. Dev has not used even a single token. Earlier tokens were burnt. And we are going to burn again. Planning to make rewards 1/10th."

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 - Pizza DeFi's Epic Crash
!Date
!Event
!Description
|-
|September 2nd, 2020 12:00:00 AM
|First Event
|This is an expanded description of what happened and the impact. If multiple lines are necessary, add them here.
|-
|
|
|
|-
|
|
|
|}

== Total Amount Lost ==
The total amount lost is unknown.

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 ==
It is unknown how much was recovered.

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 ==
There were no assets lost in this case. Exchanges should not list tokens which have existed for less than a week and have no liquidity.

== References ==
[https://cryptopotato.com/4000-to-1-in-5-minutes-defi-hotdog-and-pizza-present-free-fall-on-their-first-day/ $4000 To $1 In 5 Minutes: DeFi HOTDOG and Pizza Present Free Fall on Their First Day] (Jun 12)

[https://defimarketcap.io/token/0xd54f79fc6904d7d6f349d4298f344ed982745455 https://defimarketcap.io/token/0xd54f79fc6904d7d6f349d4298f344ed982745455] (Jul 9)

[https://www.newsbtc.com/news/pizza-hot-dogs-uniswaps-crypto-investors/ Pizza & Hot Dogs: How Uniswap's Profit Buffet Can Burn Crypto Investors] (Jul 9)

[https://pizzafinance.com/ PIZZA FINANCE] (Jul 9)

[https://beincrypto.com/dodgy-defi-food-farming-fuels-huge-hotdog-pump-and-dump/ Dodgy DeFi Food Farming Fuels Huge HOTDOG Pump and Dump - BeInCrypto] (Jul 9)

[https://etherscan.io/address/0x1D8dce63d49252DD8ECa38B1ABfe4d3f160e0647#code PizzaToken | 0x1D8dce63d49252DD8ECa38B1ABfe4d3f160e0647] (Jul 9)

[https://etherscan.io/address/0x05425dea48662006cd0dc1a0429543951e35aeb5 Address 0x05425dea48662006cd0dc1a0429543951e35aeb5 | Etherscan] (Jul 9)

[https://www.livecoinwatch.com/price/PIZZAFINANCE-PIZZA PIZZA FINANCE (PIZZA) live coin price, charts, markets & liquidity] (Jul 9)

[https://www.criptonoticias.com/mercados/sushi-pizza-hotdog-comida-defi-caer-mal-bolsillo/ Sushi, Pizza y Hot dog: Comida DeFi que le puede caer mal a ti y a tu bolsillo] (Jul 9)

[https://twitter.com/WorldCoinIndex/status/1301480278175748096 @WorldCoinIndex Twitter] (Jul 9)

[https://medium.com/@pizzafinance Pizzafinance – Medium] (Jul 9)

[https://cryptoast.fr/defi-tokens-hotdog-pizza-calcines-99-quelques-minutes/ DeFi : les tokens HOTDOG et PIZZA calcinés à 99% en quelques minutes] (Jul 9)

[https://twitter.com/pizzafinance1/status/1301482742241046533 @pizzafinance1 Twitter] (Jul 9)

[https://twitter.com/pizzafinance1/status/1302537790513532929 @pizzafinance1 Twitter] (Jul 9)