SheepSwap Finance Disappears - Revision history

Azoundria at 19:00, 2 May 2023

2023-05-02T19:00:05Z

← Older revision		Revision as of 13:00, 2 May 2023
Line 1:		Line 1:
	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/sheepswapfinancedisappears.php}}		{{Imported Case Study 2\|source=https://www.quadrigainitiative.com/casestudy/sheepswapfinancedisappears.php}}
	{{Unattributed Sources}}		{{Unattributed Sources}}

	[[File:Sheepswap.jpg\|thumb\|SheepSwap Finance]]The website is gone. It seems that the anonymous team would rather take the funds of users than build a decent service. It's not been determined exactly how much was taken.		[[File:Sheepswap.jpg\|thumb\|SheepSwap Finance]]The website is gone. It seems that the anonymous team would rather take the funds of users than build a decent service. It's not been determined exactly how much was taken.

	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.<ref name="certik-1251" /><ref name="sheepswapfinancearchive-3126" /><ref name="bainews-3127" /><ref name="bscscan-3128" /><ref name="poocoin-3129" /><ref name="explorer-3130" /><ref name="wikibitnotice-3131" /><ref name="sheepswapfinance-3132" />
	<ref name="certik-1251" /><ref name="sheepswapfinancearchive-3126" /><ref name="bainews-3127" /><ref name="bscscan-3128" /><ref name="poocoin-3129" /><ref name="explorer-3130" /><ref name="wikibitnotice-3131" /><ref name="sheepswapfinance-3132" />

	== About SheepSwap Finance ==		== About SheepSwap Finance ==
Line 49:		Line 48:
	!Description		!Description
	\|-		\|-
	\|March 17th, 2021 ~~12:00:00 AM~~		\|March 17th, 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 57:		Line 56:
	\|		\|
	\|}		\|}

			== 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 ==
Line 76:		Line 78:
	== 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 ==
			SheepSwap was run by an anonymous team, and there was no accountability to ensure that anything was delivered. A simple and lightweight framework would ensure that projects could launch with less need for anonymity, and as a result, investors would not expect anonymity.
			== 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}}
	SheepSwap was run by an anonymous team, and there was no accountability to ensure that anything was delivered. A simple and lightweight framework would ensure that projects could launch with less need for anonymity, and as a result, investors would not expect anonymity.

	== References ==		== References ==
	<references><ref name="certik-1251">[https://www.certik.org/ CertiK Blockchain Security Leaderboard] (~~May 31~~, 2021)</ref>		<references><ref name="certik-1251">[https://www.certik.org/ CertiK Blockchain Security Leaderboard] (Jun 1, 2021)</ref>

	<ref name="sheepswapfinancearchive-3126">[https://web.archive.org/web/20210317103657/https://sheepswap.finance/ SheepSwap Finance] (Sep 15, 2021)</ref>		<ref name="sheepswapfinancearchive-3126">[https://web.archive.org/web/20210317103657/https://sheepswap.finance/ SheepSwap Finance] (Sep 16, 2021)</ref>

	<ref name="bainews-3127">[https://bainews.com/market/sheepswapfinance/ SheepSwap Finance今日价格_SheepSwap FinanceSHEEP行情_SheepSwap Finance历史价格走势图-百币新闻网] (Sep 15, 2021)</ref>		<ref name="bainews-3127">[https://bainews.com/market/sheepswapfinance/ SheepSwap Finance今日价格_SheepSwap FinanceSHEEP行情_SheepSwap Finance历史价格走势图-百币新闻网] (Sep 16, 2021)</ref>

	<ref name="bscscan-3128">[https://bscscan.com/token/0xa7d51a4c85487d065257d0330eeccdadf93550fe SheepSwap.Finance (SHEEP) Token Tracker \| BscScan] (Sep 15, 2021)</ref>		<ref name="bscscan-3128">[https://bscscan.com/token/0xa7d51a4c85487d065257d0330eeccdadf93550fe SheepSwap.Finance (SHEEP) Token Tracker \| BscScan] (Sep 16, 2021)</ref>

	<ref name="poocoin-3129">[https://poocoin.app/tokens/0xa7d51a4c85487d065257d0330eeccdadf93550fe PooCoin BSC Charts] (Sep 15, 2021)</ref>		<ref name="poocoin-3129">[https://poocoin.app/tokens/0xa7d51a4c85487d065257d0330eeccdadf93550fe PooCoin BSC Charts] (Sep 16, 2021)</ref>

	<ref name="explorer-3130">[https://explorer.bitquery.io/bsc/token/0xa7d51a4c85487d065257d0330eeccdadf93550fe/smart_contract SheepSwap.Finance (SHEEP) ERC20 Token Smart Contract \| Binance Smart Chain Mainnet] (Sep 15, 2021)</ref>		<ref name="explorer-3130">[https://explorer.bitquery.io/bsc/token/0xa7d51a4c85487d065257d0330eeccdadf93550fe/smart_contract SheepSwap.Finance (SHEEP) ERC20 Token Smart Contract \| Binance Smart Chain Mainnet] (Sep 16, 2021)</ref>

	<ref name="wikibitnotice-3131">[https://notice.wikibit.com/en/bdetail/202103171364250209.html Hotbit will launch SHEEP(SheepSwap Finance) on March 17th, 2021-OthersAnnouncement-WikiBit APP-Announcement detail] (Sep 15, 2021)</ref>		<ref name="wikibitnotice-3131">[https://notice.wikibit.com/en/bdetail/202103171364250209.html Hotbit will launch SHEEP(SheepSwap Finance) on March 17th, 2021-OthersAnnouncement-WikiBit APP-Announcement detail] (Sep 16, 2021)</ref>

	<ref name="sheepswapfinance-3132">[https://sheepswap.finance.ipaddress.com/ Sheepswap - Sheepswap.finance] (Sep 15, 2021)</ref></references>		<ref name="sheepswapfinance-3132">[https://sheepswap.finance.ipaddress.com/ Sheepswap - Sheepswap.finance] (Sep 16, 2021)</ref></references>

Azoundria at 17:30, 22 February 2023

2023-02-22T17:30:23Z

← Older revision		Revision as of 11:30, 22 February 2023
Line 1:		Line 1:
	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/sheepswapfinancedisappears.php}}		{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/sheepswapfinancedisappears.php}}
			{{Unattributed Sources}}

	[[File:Sheepswap.jpg\|thumb\|SheepSwap Finance]]The website is gone. It seems that the anonymous team would rather take the funds of users than build a decent service. It's not been determined exactly how much was taken.		[[File:Sheepswap.jpg\|thumb\|SheepSwap Finance]]The website is gone. It seems that the anonymous team would rather take the funds of users than build a decent service. It's not been determined exactly how much was taken.

	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.
			<ref name="certik-1251" /><ref name="sheepswapfinancearchive-3126" /><ref name="bainews-3127" /><ref name="bscscan-3128" /><ref name="poocoin-3129" /><ref name="explorer-3130" /><ref name="wikibitnotice-3131" /><ref name="sheepswapfinance-3132" />

	== About SheepSwap Finance ==		== About SheepSwap Finance ==
Line 27:		Line 29:

	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.
Line 49:		Line 50:
	\|-		\|-
	\|March 17th, 2021 12:00:00 AM		\|March 17th, 2021 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.
	\|-
	\|
	\|
	\|
	\|-		\|-
	\|		\|
Line 73:		Line 70:

	== 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 84:		Line 81:

	== References ==		== References ==
	[https://www.certik.org/ CertiK Blockchain Security Leaderboard] (May 31)		<references><ref name="certik-1251">[https://www.certik.org/ CertiK Blockchain Security Leaderboard] (May 31, 2021)</ref>

	[https://web.archive.org/web/20210317103657/https://sheepswap.finance/ SheepSwap Finance] (Sep 15)		<ref name="sheepswapfinancearchive-3126">[https://web.archive.org/web/20210317103657/https://sheepswap.finance/ SheepSwap Finance] (Sep 15, 2021)</ref>

	[https://bainews.com/market/sheepswapfinance/ SheepSwap Finance今日价格_SheepSwap FinanceSHEEP行情_SheepSwap Finance历史价格走势图-百币新闻网] (Sep 15)		<ref name="bainews-3127">[https://bainews.com/market/sheepswapfinance/ SheepSwap Finance今日价格_SheepSwap FinanceSHEEP行情_SheepSwap Finance历史价格走势图-百币新闻网] (Sep 15, 2021)</ref>

	[https://bscscan.com/token/0xa7d51a4c85487d065257d0330eeccdadf93550fe SheepSwap.Finance (SHEEP) Token Tracker \| BscScan] (Sep 15)		<ref name="bscscan-3128">[https://bscscan.com/token/0xa7d51a4c85487d065257d0330eeccdadf93550fe SheepSwap.Finance (SHEEP) Token Tracker \| BscScan] (Sep 15, 2021)</ref>

	[https://poocoin.app/tokens/0xa7d51a4c85487d065257d0330eeccdadf93550fe PooCoin BSC Charts] (Sep 15)		<ref name="poocoin-3129">[https://poocoin.app/tokens/0xa7d51a4c85487d065257d0330eeccdadf93550fe PooCoin BSC Charts] (Sep 15, 2021)</ref>

	[https://explorer.bitquery.io/bsc/token/0xa7d51a4c85487d065257d0330eeccdadf93550fe/smart_contract SheepSwap.Finance (SHEEP) ERC20 Token Smart Contract \| Binance Smart Chain Mainnet] (Sep 15)		<ref name="explorer-3130">[https://explorer.bitquery.io/bsc/token/0xa7d51a4c85487d065257d0330eeccdadf93550fe/smart_contract SheepSwap.Finance (SHEEP) ERC20 Token Smart Contract \| Binance Smart Chain Mainnet] (Sep 15, 2021)</ref>

	[https://notice.wikibit.com/en/bdetail/202103171364250209.html Hotbit will launch SHEEP(SheepSwap Finance) on March 17th, 2021-OthersAnnouncement-WikiBit APP-Announcement detail] (Sep 15)		<ref name="wikibitnotice-3131">[https://notice.wikibit.com/en/bdetail/202103171364250209.html Hotbit will launch SHEEP(SheepSwap Finance) on March 17th, 2021-OthersAnnouncement-WikiBit APP-Announcement detail] (Sep 15, 2021)</ref>

	[https://sheepswap.finance.ipaddress.com/ Sheepswap - Sheepswap.finance] (Sep 15)		<ref name="sheepswapfinance-3132">[https://sheepswap.finance.ipaddress.com/ Sheepswap - Sheepswap.finance] (Sep 15, 2021)</ref></references>

Azoundria: Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/sheepswapfinancedisappears.php}} SheepSwap FinanceThe website is gone. It seems that the anonymous team would rather take the funds of users than build a decent service. It's not been determined exactly how much was taken. This is a global/international case not involving a specific country. == About SheepSwap Finance == "Deflationary Animal Yield Farming on Binance..."

2023-01-26T05:32:10Z

Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/sheepswapfinancedisappears.php}} thumb|SheepSwap FinanceThe website is gone. It seems that the anonymous team would rather take the funds of users than build a decent service. It's not been determined exactly how much was taken. This is a global/international case not involving a specific country. == About SheepSwap Finance == "Deflationary Animal Yield Farming on Binance..."

New page

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

[[File:Sheepswap.jpg|thumb|SheepSwap Finance]]The website is gone. It seems that the anonymous team would rather take the funds of users than build a decent service. It's not been determined exactly how much was taken.

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

== About SheepSwap Finance ==
"Deflationary Animal Yield Farming on Binance Smart Chain."

"SheepSwap.finance was registered on Monday, March 15, 2021." "The domain has been registered at NameCheap, Inc."

RugDoc "received inbounds that may indicate high risks regarding to a project named SheepSwap. Privileged functionalities appear in those smart contracts and we wish [for] the community [to do your own research] before interacting with the dApp."

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 - SheepSwap Finance Disappears
!Date
!Event
!Description
|-
|March 17th, 2021 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 ==
SheepSwap was run by an anonymous team, and there was no accountability to ensure that anything was delivered. A simple and lightweight framework would ensure that projects could launch with less need for anonymity, and as a result, investors would not expect anonymity.

== References ==
[https://www.certik.org/ CertiK Blockchain Security Leaderboard] (May 31)

[https://web.archive.org/web/20210317103657/https://sheepswap.finance/ SheepSwap Finance] (Sep 15)

[https://bainews.com/market/sheepswapfinance/ SheepSwap Finance今日价格_SheepSwap FinanceSHEEP行情_SheepSwap Finance历史价格走势图-百币新闻网] (Sep 15)

[https://bscscan.com/token/0xa7d51a4c85487d065257d0330eeccdadf93550fe SheepSwap.Finance (SHEEP) Token Tracker | BscScan] (Sep 15)

[https://poocoin.app/tokens/0xa7d51a4c85487d065257d0330eeccdadf93550fe PooCoin BSC Charts] (Sep 15)

[https://explorer.bitquery.io/bsc/token/0xa7d51a4c85487d065257d0330eeccdadf93550fe/smart_contract SheepSwap.Finance (SHEEP) ERC20 Token Smart Contract | Binance Smart Chain Mainnet] (Sep 15)

[https://notice.wikibit.com/en/bdetail/202103171364250209.html Hotbit will launch SHEEP(SheepSwap Finance) on March 17th, 2021-OthersAnnouncement-WikiBit APP-Announcement detail] (Sep 15)

[https://sheepswap.finance.ipaddress.com/ Sheepswap - Sheepswap.finance] (Sep 15)