Azoundria: Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/voidzfakebinancesmartchaintoken.php}} {{Unattributed Sources}} Voidz App Logo/HomepageVoidZ is an AI engine with an associated token on the Ethereum blockchain. A token with a very similar name was released on the Binance smart chain. It's unclear how the token was promoted. On April 14th, 2024, the liquidity was pulled with a total value of $323k. This is a global/int..."

2024-05-10T19:37:28Z

Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/voidzfakebinancesmartchaintoken.php}} {{Unattributed Sources}} thumb|Voidz App Logo/HomepageVoidZ is an AI engine with an associated token on the Ethereum blockchain. A token with a very similar name was released on the Binance smart chain. It's unclear how the token was promoted. On April 14th, 2024, the liquidity was pulled with a total value of $323k. This is a global/int..."

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

[[File:Voidzapp.jpg|thumb|Voidz App Logo/Homepage]]VoidZ is an AI engine with an associated token on the Ethereum blockchain. A token with a very similar name was released on the Binance smart chain. It's unclear how the token was promoted. On April 14th, 2024, the liquidity was pulled with a total value of $323k.

This is a global/international case not involving a specific country.<ref name="slowmisthackedarchive-13709" /><ref name="dextoolsarchive-13710" /><ref name="voidzapp-13711" /><ref name="bscscan-13712" /><ref name="coinmarketcap-13713" /><ref name="coingecko-13714" /><ref name="voidztokentwitter-13715" /><ref name="dextools-13716" /><ref name="geckoterminal-13717" /><ref name="mikecch1twitter-13718" /><ref name="pddmrtwitter-13719" /><ref name="cryptokarusotwitter-13720" /><ref name="fourn5twitter-13721" />

== About VoidZ ==
"Craft unique, premium-quality, proprietary assets tailored to your gaming ventures

Revolutionize game development with Voidz's AI engine: Craft assets, tokenize via NEXUS, trade with predictive AI insights, and rent from our elite GPU suite, all in a single, groundbreaking workflow"

"Tokenization is the process of converting an asset into a digital token on the blockchain, much like how a deed represents ownership of land in the real world."

"The trading experience on VoidZ is not just about swapping items. It's backed by sophisticated AI on NEXUS gateway that helps in offering predictive analytics and pricing recommendations."

"The creation of high-quality game assets is a resource-intensive task. Traditionally, this would require substantial upfront investment in hardware for developers."

"The Nexus Gateway is an integral component of our product suite, designed to democratize asset ownership and create the perfect environment for digital asset trading. Infinite tokenization awaits"

"Use classic text-prompts to create and edit the 3D assets you need." "Upload an image and watch it turn into 3D content." "Apply texture and edit visual details with artificial intelligence."

"The Fake VDZ on BNBChain is suspected of a rug pull, and the current token price has dropped by 100%."

"Be aware of this token! Team of this token has sold at least 581.392 BNB."

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 - VoidZ Fake Binance Smart Chain Token
!Date
!Event
!Description
|-
|April 14th, 2024 4:59:14 PM MDT
|Transaction Empties Liquidity
|The liquidation transaction for the fake VDZ tokens. The token creator is able to dump their tokens for a total of 581.392 BNB.
|-
|April 22nd, 2024 9:38:02 AM MDT
|SlowMist Reviewing
|Blockchain security firm SlowMist reviews the token through DexTools for incluson in their list.
|}

== 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 $323,000 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-13709">[https://web.archive.org/web/20240509215443/https://hacked.slowmist.io/?c=&page=2 SlowMist Hacked - SlowMist Zone] (May 10, 2024)</ref>

<ref name="dextoolsarchive-13710">[https://web.archive.org/web/20240509215443/https://www.dextools.io/app/cn/bnb/pair-explorer/0xbdedd2d8bfd036f56d97311478f4518331360faa https://web.archive.org/web/20240509215443/https://www.dextools.io/app/cn/bnb/pair-explorer/0xbdedd2d8bfd036f56d97311478f4518331360faa] (May 10, 2024)</ref>

<ref name="voidzapp-13711">[https://voidz.app/ VoidZ] (May 10, 2024)</ref>

<ref name="bscscan-13712">[https://bscscan.com/address/0x7d3617ed661b5ae49fd3243b8299ca4afbfc3f25 Address 0x7d3617ed661b5ae49fd3243b8299ca4afbfc3f25 | BscScan] (May 10, 2024)</ref>

<ref name="coinmarketcap-13713">[https://coinmarketcap.com/currencies/voidz/ Voidz price today, VDZ to USD live price, marketcap and chart | CoinMarketCap] (May 10, 2024)</ref>

<ref name="coingecko-13714">[https://www.coingecko.com/en/coins/voidz Voidz Price: VDZ Live Price Chart, Market Cap & News Today | CoinGecko] (May 10, 2024)</ref>

<ref name="voidztokentwitter-13715">[https://twitter.com/VoidZToken @VoidZToken Twitter] (May 10, 2024)</ref>

<ref name="dextools-13716">[https://www.dextools.io/app/en/ether/pair-explorer/0x661ecc03a464be662133b9a5964a51f1370077f9?t=1715358472953 https://www.dextools.io/app/en/ether/pair-explorer/0x661ecc03a464be662133b9a5964a51f1370077f9?t=1715358472953] (May 10, 2024)</ref>

<ref name="geckoterminal-13717">[https://www.geckoterminal.com/bsc/pools/0xbdedd2d8bfd036f56d97311478f4518331360faa VDZ/WBNB - Voidz Price on Pancakeswap V2 (BSC) | GeckoTerminal] (May 10, 2024)</ref>

<ref name="mikecch1twitter-13718">[https://twitter.com/mikecch1/status/1779029200541987023 @mikecch1 Twitter] (May 10, 2024)</ref>

<ref name="pddmrtwitter-13719">[https://twitter.com/PddMr/status/1779594552761884934 @PddMr Twitter] (May 10, 2024)</ref>

<ref name="cryptokarusotwitter-13720">[https://twitter.com/CryptoKaruso/status/1779616005687316739 @CryptoKaruso Twitter] (May 10, 2024)</ref>

<ref name="fourn5twitter-13721">[https://twitter.com/Fourn5/status/1779110605598666757 @Fourn5 Twitter] (May 10, 2024)</ref></references>

VoidZ Fake Binance Smart Chain Token - Revision history