SwapRum Rug Pull: Difference between revisions

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(Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/swaprumrugpull.php}} {{Unattributed Sources}} thumb|SwapRun WebsiteSwapRum Finance offered a next generation decentralized exchange. They obtained an audit from CertiK but only partially resolved some of the issues in their project. Then they used one of those issues to execute a rug pull and withdraw all funds form the liquidity pool, which were then brought out through Torna...")
 
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[[File:Swaprum.jpg|thumb|SwapRun Website]]SwapRum Finance offered a next generation decentralized exchange. They obtained an audit from CertiK but only partially resolved some of the issues in their project. Then they used one of those issues to execute a rug pull and withdraw all funds form the liquidity pool, which were then brought out through TornadoCash.
[[File:Swaprum.jpg|thumb|SwapRun Website]]SwapRum Finance offered a next generation decentralized exchange. They obtained an audit from CertiK but only partially resolved some of the issues in their project. Then they used one of those issues to execute a rug pull and withdraw all funds form the liquidity pool, which were then brought out through TornadoCash.


This is a global/international case not involving a specific country.<ref name="slowmisthackedarchive-10953" /><ref name="hackenclubtwitterarchive-10954" /><ref name="hackenclubtwitter-10955" /><ref name="arbiscan-10956" /><ref name="sebasti04989541twitter-10957" /><ref name="cryptoemprendetwitter-10958" /><ref name="lucas75831804twitter-10959" /><ref name="anciliainctwitter-10960" /><ref name="jessiedegenstwitter-10961" /><ref name="metasleuthtwitter-10962" /><ref name="damicalestwitter-10963" /><ref name="martiniguyyttwitter-10964" /><ref name="peckshieldalerttwitter-10965" /><ref name="damicalestwitter-10966" /><ref name="dedotfisecuritytwitter-10967" /><ref name="theblocktwitter-10968" /><ref name="musiclo62847240twitter-10969" /><ref name="saitopicknewstwitter-10970" /><ref name="jinyachao1999twitter-10971" /><ref name="takacryptotwitter-10972" /><ref name="huntershannohstwitter-10973" /><ref name="moffcointwitter-10974" /><ref name="whalecointalktwitter-10975" /><ref name="waleedmahmoud99twitter-10976" /><ref name="marcink88twitter-10977" /><ref name="mtomczakorgtwitter-10978" /><ref name="rnsahintwitter-10979" /><ref name="cyversalertstwitter-10980" /><ref name="cryptosavingexptwitter-10981" /><ref name="cryptokeretwitter-10982" /><ref name="damicalestwitter-10983" /><ref name="vadymnikolskyi1twitter-10984" /><ref name="mueb2ethtwitter-10985" /><ref name="cryptopotatotwitter-10986" /><ref name="esatoshiclubtwitter-10987" /><ref name="alabasimamountwitter-10988" /><ref name="brahmi1973twitter-10989" /><ref name="mnathu0105twitter-10990" /><ref name="numencybertwitter-10991" /><ref name="koinbultwitter-10992" /><ref name="0xepicatwitter-10993" /><ref name="lun68251148twitter-10994" /><ref name="becausebitcointwitter-10995" /><ref name="djkhileshrajtwitter-10996" /><ref name="cyversalertstwitter-10997" /><ref name="yunasmftwitter-10998" /><ref name="perseuscryptotwitter-10999" /><ref name="cryptaiatechtwitter-11000" /><ref name="becausebitcointwitter-11001" /><ref name="newsgagarintwitter-11002" /><ref name="majedmaddevtwitter-11003" /><ref name="juanpmarintwitter-11004" /><ref name="jurangcryptotwitter-11005" /><ref name="chainaegistwitter-11006" /><ref name="aloponaftwitter-11007" /><ref name="dariush72249709twitter-11008" /><ref name="beosinalerttwitter-11009" /><ref name="datedata51twitter-11010" /><ref name="dailynewsweb3twitter-11011" /><ref name="aryobagas9twitter-11012" /><ref name="blinanalyticstwitter-11013" /><ref name="ayodelesammyleetwitter-11014" /><ref name="tokenmetricsinctwitter-11015" /><ref name="hayatkhan6931twitter-11016" /><ref name="web3wisertwitter-11017" /><ref name="blmcryptotwitter-11018" /><ref name="psquaredailytwitter-11019" /><ref name="web3watchdogtwitter-11020" /><ref name="parhan235twitter-11021" /><ref name="kirill186186twitter-11022" /><ref name="beyondkartotwitter-11023" /><ref name="defivisionarytwitter-11024" /><ref name="sanjeev08818841twitter-11025" /><ref name="winnerilltwitter-11026" /><ref name="lamarziaatwitter-11027" /><ref name="mohsencngtwitter-11028" /><ref name="beyondbitcoin1twitter-11029" /><ref name="thecryptopuritytwitter-11030" /><ref name="khuongeyelesstwitter-11031" /><ref name="skynet-11032" /><ref name="theblock-11033" />
This is a global/international case not involving a specific country.<ref name="slowmisthackedarchive-10953" /><ref name="hackenclubtwitterarchive-10954" /><ref name="hackenclubtwitter-10955" /><ref name="arbiscan-10956" /><ref name="sebasti04989541twitter-10957" /><ref name="cryptoemprendetwitter-10958" /><ref name="lucas75831804twitter-10959" /><ref name="anciliainctwitter-10960" /><ref name="jessiedegenstwitter-10961" /><ref name="metasleuthtwitter-10962" /><ref name="damicalestwitter-10963" /><ref name="martiniguyyttwitter-10964" /><ref name="peckshieldalerttwitter-10965" /><ref name="damicalestwitter-10966" /><ref name="dedotfisecuritytwitter-10967" /><ref name="theblocktwitter-10968" /><ref name="musiclo62847240twitter-10969" /><ref name="saitopicknewstwitter-10970" /><ref name="jinyachao1999twitter-10971" /><ref name="takacryptotwitter-10972" /><ref name="huntershannohstwitter-10973" /><ref name="moffcointwitter-10974" /><ref name="whalecointalktwitter-10975" /><ref name="waleedmahmoud99twitter-10976" /><ref name="marcink88twitter-10977" /><ref name="mtomczakorgtwitter-10978" /><ref name="rnsahintwitter-10979" /><ref name="cyversalertstwitter-10980" /><ref name="cryptosavingexptwitter-10981" /><ref name="cryptokeretwitter-10982" /><ref name="damicalestwitter-10983" /><ref name="vadymnikolskyi1twitter-10984" /><ref name="mueb2ethtwitter-10985" /><ref name="cryptopotatotwitter-10986" /><ref name="esatoshiclubtwitter-10987" /><ref name="alabasimamountwitter-10988" /><ref name="brahmi1973twitter-10989" /><ref name="mnathu0105twitter-10990" /><ref name="numencybertwitter-10991" /><ref name="koinbultwitter-10992" /><ref name="0xepicatwitter-10993" /><ref name="lun68251148twitter-10994" /><ref name="becausebitcointwitter-10995" /><ref name="djkhileshrajtwitter-10996" /><ref name="cyversalertstwitter-10997" /><ref name="yunasmftwitter-10998" /><ref name="perseuscryptotwitter-10999" /><ref name="cryptaiatechtwitter-11000" /><ref name="becausebitcointwitter-11001" /><ref name="newsgagarintwitter-11002" /><ref name="majedmaddevtwitter-11003" /><ref name="juanpmarintwitter-11004" /><ref name="jurangcryptotwitter-11005" /><ref name="chainaegistwitter-11006" /><ref name="aloponaftwitter-11007" /><ref name="dariush72249709twitter-11008" /><ref name="beosinalerttwitter-11009" /><ref name="datedata51twitter-11010" /><ref name="dailynewsweb3twitter-11011" /><ref name="aryobagas9twitter-11012" /><ref name="blinanalyticstwitter-11013" /><ref name="ayodelesammyleetwitter-11014" /><ref name="tokenmetricsinctwitter-11015" /><ref name="hayatkhan6931twitter-11016" />


== About SwapRum ==
== About SwapRum ==
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* Anything that wasn't reasonably knowable at the time of the event.
* 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.
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 interface provided users with a balance in ARB, and claimed that withdrawals would be processed after 0.5 ARB were accumulated<ref name="sanjeev08818841twitter-11025" /><ref name="blmcryptotwitter-11018" />.
Multiple users on Twitter expressed support and excitement for the project<ref name="parhan235twitter-11021" />, while others helped to promote it<ref name="blmcryptotwitter-11018" />.
<blockquote>good project...and good investasi.....bravo @Swaprum</blockquote>


== The Reality ==
== The Reality ==
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* How the service was structured behind the scenes. (For example, there was no "trading bot".)
* 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.
* Details of what audits reported and how vulnerabilities were missed during auditing.
=== Limitations of Interface ===
There were multiple reports prior to the rug pull of issues with the provided Swaprum interface<ref name="khuongeyelesstwitter-11031" /><ref name="sanjeev08818841twitter-11025" />, including a reported inability to withdraw funds<ref name="mohsencngtwitter-11028" />.<blockquote>Why does the claim not accumulate in the balance section?</blockquote><blockquote>Why hasn't the token been deposited into my wallet after a few days of requesting a withdrawal?</blockquote>


== What Happened ==
== What Happened ==
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!Event
!Event
!Description
!Description
|-
|May 17th, 2023 7:52:00 PM MDT
|
|
|-
|-
|May 18th, 2023 9:52:12 AM MDT
|May 18th, 2023 9:52:12 AM MDT
|Liquidity Drained
|Liquidity Drained
|Transaction to drain liquidity.
|Transaction to drain liquidity.
|-
|May 18th, 2023 9:48:00 PM MDT
|PeckShield Alert Triggered
|A PeckShield alert is triggered. The alerts is retweeted by the Web3 Watchdog<ref name="web3watchdogtwitter-11020" /> and pSquare_Daily<ref name="psquaredailytwitter-11019" />. TBD get actual alert.
|-
|May 19th, 2023 12:05:00 AM MDT
|Twitter Account Deactivation
|It's reported that Swaprum Finance has deactivated their Twitter account<ref name="lamarziaatwitter-11027" />.
|-
|-
|May 19th, 2023 4:01:00 AM MDT
|May 19th, 2023 4:01:00 AM MDT
|Report on Twitter
|Report on Twitter
|Describe the event.
|Describe the event.
|-
|May 19th, 2023 4:36:00 AM MDT
|The Block Article
|The Block publishes an article on the situation<ref name="theblock-11033" />. TBD get summary.
|-
|May 19th, 2023 10:34:00 AM MDT
|Crypto Purity Article
|Crypto Purity reports on the situation<ref name="thecryptopuritytwitter-11030" />. TBD more summary<ref>[https://www.cryptopurity.com/3-million-crypto-rugpull-drains-swaprum-dex/ $3 million Crypto Rugpull Drains Swaprum DEX - Crypto Purity] (May 24, 2023)</ref>.
|}
|}


== Technical Details ==
== 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?
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?
<ref name="skynet-11032" />


== Total Amount Lost ==
== Total Amount Lost ==
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== Immediate Reactions ==
== 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?
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?
=== Reactions on Twitter ===
The news was widely reported on Twitter<ref name="lamarziaatwitter-11027" /><ref name="beyondkartotwitter-11023" /><ref name="web3wisertwitter-11017" /><ref name="winnerilltwitter-11026" /><ref name="beyondbitcoin1twitter-11029" /><ref name="defivisionarytwitter-11024" /><ref name="kirill186186twitter-11022" />.<blockquote>swaprum finance deactivate their twitter account?</blockquote><blockquote>Important Alert! Crypto traders, beware! Swaprum, an exchange on Arbitrum network, has been exposed as a decentralized scam. The team behind it has shamelessly withdrawn approximately $3 million from customer deposits </blockquote><blockquote>Breaking: Swaprum #DEX On #Arbitrum Rug Pulls $3M, SAPR Token Crashes 100%</blockquote><blockquote>Just got rugged on Swaprum. Site and discord is still up. A lot of work for 1 million</blockquote><blockquote>JUST IN: Swaprum, a decentralized exchange (DEX) built on @arbitrum ruggpulls with $3 million users deposit.  According to blockchain security firm PeckShield, the team has already laundered part of the funds on Tornado Cash.</blockquote><blockquote>The #Swaprum rug pull has left investors devastated with a jaw-dropping $3 million loss in this #defi scam. As a social media marketer, I urge everyone to stay vigilant while investing in the crypto market. Like and retweet to spread the word!</blockquote><blockquote>@Swaprum he deceived us all, we fulfilled all the conditions, but they threw us .. do not believe this is ophirists</blockquote>


== Ultimate Outcome ==
== Ultimate Outcome ==
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?
=== Audit Security Score Updated ===
The security score of the Swaprum project on CertiK was updated to "Exit Scam" status<ref name="skynet-11032" />.


== Total Amount Recovered ==
== Total Amount Recovered ==
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== References ==
== References ==
<references><ref name="slowmisthackedarchive-10953">[https://web.archive.org/web/20230519161338/https://hacked.slowmist.io/en/ SlowMist Hacked - SlowMist Zone] (May 19, 2023)</ref>
<references>
 
<ref name="slowmisthackedarchive-10953">[https://web.archive.org/web/20230519161338/https://hacked.slowmist.io/en/ SlowMist Hacked - SlowMist Zone] (May 19, 2023)</ref>
<ref name="hackenclubtwitterarchive-10954">[https://web.archive.org/web/20230519161338/https://twitter.com/hackenclub/status/1659499442041417729?s=46&t=DLwbX9Nw4QECiyZQ0av-fg @hackenclub Twitter] (May 19, 2023)</ref>
<ref name="hackenclubtwitterarchive-10954">[https://web.archive.org/web/20230519161338/https://twitter.com/hackenclub/status/1659499442041417729?s=46&t=DLwbX9Nw4QECiyZQ0av-fg @hackenclub Twitter] (May 19, 2023)</ref>
<ref name="hackenclubtwitter-10955">[https://twitter.com/hackenclub/status/1659499442041417729 @hackenclub Twitter] (May 19, 2023)</ref>
<ref name="hackenclubtwitter-10955">[https://twitter.com/hackenclub/status/1659499442041417729 @hackenclub Twitter] (May 19, 2023)</ref>
<ref name="arbiscan-10956">[https://arbiscan.io/tx/0x36fef881f7e9560db466a343e541072a31a07391bcd0b9bcdb6cfe8ae4616fc0 Arbitrum Transaction Hash (Txhash) Details | Arbiscan] (May 19, 2023)</ref>
<ref name="arbiscan-10956">[https://arbiscan.io/tx/0x36fef881f7e9560db466a343e541072a31a07391bcd0b9bcdb6cfe8ae4616fc0 Arbitrum Transaction Hash (Txhash) Details | Arbiscan] (May 19, 2023)</ref>
<ref name="sebasti04989541twitter-10957">[https://twitter.com/Sebasti04989541/status/1659568232376811523 @Sebasti04989541 Twitter] (May 19, 2023)</ref>
<ref name="sebasti04989541twitter-10957">[https://twitter.com/Sebasti04989541/status/1659568232376811523 @Sebasti04989541 Twitter] (May 19, 2023)</ref>
<ref name="cryptoemprendetwitter-10958">[https://twitter.com/cryptoemprende_/status/1659228098427068417 @cryptoemprende_ Twitter] (May 19, 2023)</ref>
<ref name="cryptoemprendetwitter-10958">[https://twitter.com/cryptoemprende_/status/1659228098427068417 @cryptoemprende_ Twitter] (May 19, 2023)</ref>
<ref name="lucas75831804twitter-10959">[https://twitter.com/Lucas75831804/status/1659297791150026778 @Lucas75831804 Twitter] (May 19, 2023)</ref>
<ref name="lucas75831804twitter-10959">[https://twitter.com/Lucas75831804/status/1659297791150026778 @Lucas75831804 Twitter] (May 19, 2023)</ref>
<ref name="anciliainctwitter-10960">[https://twitter.com/AnciliaInc/status/1659422375111462912 @AnciliaInc Twitter] (May 19, 2023)</ref>
<ref name="anciliainctwitter-10960">[https://twitter.com/AnciliaInc/status/1659422375111462912 @AnciliaInc Twitter] (May 19, 2023)</ref>
<ref name="jessiedegenstwitter-10961">[https://twitter.com/Jessiedegens/status/1659240821684568074 @Jessiedegens Twitter] (May 19, 2023)</ref>
<ref name="jessiedegenstwitter-10961">[https://twitter.com/Jessiedegens/status/1659240821684568074 @Jessiedegens Twitter] (May 19, 2023)</ref>
<ref name="metasleuthtwitter-10962">[https://twitter.com/MetaSleuth/status/1659379410892640256 @MetaSleuth Twitter] (May 19, 2023)</ref>
<ref name="metasleuthtwitter-10962">[https://twitter.com/MetaSleuth/status/1659379410892640256 @MetaSleuth Twitter] (May 19, 2023)</ref>
<ref name="damicalestwitter-10963">[https://twitter.com/Damicale_s/status/1659065101004029958 @Damicale_s Twitter] (May 19, 2023)</ref>
<ref name="damicalestwitter-10963">[https://twitter.com/Damicale_s/status/1659065101004029958 @Damicale_s Twitter] (May 19, 2023)</ref>
<ref name="martiniguyyttwitter-10964">[https://twitter.com/MartiniGuyYT/status/1659552071178231811 @MartiniGuyYT Twitter] (May 19, 2023)</ref>
<ref name="martiniguyyttwitter-10964">[https://twitter.com/MartiniGuyYT/status/1659552071178231811 @MartiniGuyYT Twitter] (May 19, 2023)</ref>
<ref name="peckshieldalerttwitter-10965">[https://twitter.com/PeckShieldAlert/status/1659404608685604864 @PeckShieldAlert Twitter] (May 19, 2023)</ref>
<ref name="peckshieldalerttwitter-10965">[https://twitter.com/PeckShieldAlert/status/1659404608685604864 @PeckShieldAlert Twitter] (May 19, 2023)</ref>
<ref name="damicalestwitter-10966">[https://twitter.com/Damicale_s/status/1659230458977058817 @Damicale_s Twitter] (May 19, 2023)</ref>
<ref name="damicalestwitter-10966">[https://twitter.com/Damicale_s/status/1659230458977058817 @Damicale_s Twitter] (May 19, 2023)</ref>
<ref name="dedotfisecuritytwitter-10967">[https://twitter.com/DeDotFiSecurity/status/1659271879889231880 @DeDotFiSecurity Twitter] (May 19, 2023)</ref>
<ref name="dedotfisecuritytwitter-10967">[https://twitter.com/DeDotFiSecurity/status/1659271879889231880 @DeDotFiSecurity Twitter] (May 19, 2023)</ref>
<ref name="theblocktwitter-10968">[https://twitter.com/TheBlock__/status/1659508464886972416 @TheBlock__ Twitter] (May 19, 2023)</ref>
<ref name="theblocktwitter-10968">[https://twitter.com/TheBlock__/status/1659508464886972416 @TheBlock__ Twitter] (May 19, 2023)</ref>
<ref name="musiclo62847240twitter-10969">[https://twitter.com/Musiclo62847240/status/1659047282753572871 @Musiclo62847240 Twitter] (May 19, 2023)</ref>
<ref name="musiclo62847240twitter-10969">[https://twitter.com/Musiclo62847240/status/1659047282753572871 @Musiclo62847240 Twitter] (May 19, 2023)</ref>
<ref name="saitopicknewstwitter-10970">[https://twitter.com/saito_pickNEWS/status/1659028976625655808 @saito_pickNEWS Twitter] (May 19, 2023)</ref>
<ref name="saitopicknewstwitter-10970">[https://twitter.com/saito_pickNEWS/status/1659028976625655808 @saito_pickNEWS Twitter] (May 19, 2023)</ref>
<ref name="jinyachao1999twitter-10971">[https://twitter.com/jinyachao1999/status/1659267480412626945 @jinyachao1999 Twitter] (May 19, 2023)</ref>
<ref name="jinyachao1999twitter-10971">[https://twitter.com/jinyachao1999/status/1659267480412626945 @jinyachao1999 Twitter] (May 19, 2023)</ref>
<ref name="takacryptotwitter-10972">[https://twitter.com/taka__crypto/status/1659327073159356417 @taka__crypto Twitter] (May 19, 2023)</ref>
<ref name="takacryptotwitter-10972">[https://twitter.com/taka__crypto/status/1659327073159356417 @taka__crypto Twitter] (May 19, 2023)</ref>
<ref name="huntershannohstwitter-10973">[https://twitter.com/huntershannoHS/status/1659442908099911685 @huntershannoHS Twitter] (May 19, 2023)</ref>
<ref name="huntershannohstwitter-10973">[https://twitter.com/huntershannoHS/status/1659442908099911685 @huntershannoHS Twitter] (May 19, 2023)</ref>
<ref name="moffcointwitter-10974">[https://twitter.com/moff_coin/status/1659363158321172480 @moff_coin Twitter] (May 19, 2023)</ref>
<ref name="moffcointwitter-10974">[https://twitter.com/moff_coin/status/1659363158321172480 @moff_coin Twitter] (May 19, 2023)</ref>
<ref name="whalecointalktwitter-10975">[https://twitter.com/WhaleCoinTalk/status/1659525625239990273 @WhaleCoinTalk Twitter] (May 19, 2023)</ref>
<ref name="whalecointalktwitter-10975">[https://twitter.com/WhaleCoinTalk/status/1659525625239990273 @WhaleCoinTalk Twitter] (May 19, 2023)</ref>
<ref name="waleedmahmoud99twitter-10976">[https://twitter.com/waleedmahmoud99/status/1658952393302704130 @waleedmahmoud99 Twitter] (May 19, 2023)</ref>
<ref name="waleedmahmoud99twitter-10976">[https://twitter.com/waleedmahmoud99/status/1658952393302704130 @waleedmahmoud99 Twitter] (May 19, 2023)</ref>
<ref name="marcink88twitter-10977">[https://twitter.com/Marcin_K88/status/1659230282564739072 @Marcin_K88 Twitter] (May 19, 2023)</ref>
<ref name="marcink88twitter-10977">[https://twitter.com/Marcin_K88/status/1659230282564739072 @Marcin_K88 Twitter] (May 19, 2023)</ref>
<ref name="mtomczakorgtwitter-10978">[https://twitter.com/MTomczak_org/status/1659241402662780944 @MTomczak_org Twitter] (May 19, 2023)</ref>
<ref name="mtomczakorgtwitter-10978">[https://twitter.com/MTomczak_org/status/1659241402662780944 @MTomczak_org Twitter] (May 19, 2023)</ref>
<ref name="rnsahintwitter-10979">[https://twitter.com/rnsahin/status/1659236449466679296 @rnsahin Twitter] (May 19, 2023)</ref>
<ref name="rnsahintwitter-10979">[https://twitter.com/rnsahin/status/1659236449466679296 @rnsahin Twitter] (May 19, 2023)</ref>
<ref name="cyversalertstwitter-10980">[https://twitter.com/CyversAlerts/status/1659440413407694848 @CyversAlerts Twitter] (May 19, 2023)</ref>
<ref name="cyversalertstwitter-10980">[https://twitter.com/CyversAlerts/status/1659440413407694848 @CyversAlerts Twitter] (May 19, 2023)</ref>
<ref name="cryptosavingexptwitter-10981">[https://twitter.com/CryptoSavingExp/status/1659544757624885254 @CryptoSavingExp Twitter] (May 19, 2023)</ref>
<ref name="cryptosavingexptwitter-10981">[https://twitter.com/CryptoSavingExp/status/1659544757624885254 @CryptoSavingExp Twitter] (May 19, 2023)</ref>
<ref name="cryptokeretwitter-10982">[https://twitter.com/cryptokere/status/1659235089354563585 @cryptokere Twitter] (May 19, 2023)</ref>
<ref name="cryptokeretwitter-10982">[https://twitter.com/cryptokere/status/1659235089354563585 @cryptokere Twitter] (May 19, 2023)</ref>
<ref name="damicalestwitter-10983">[https://twitter.com/Damicale_s/status/1659277889454370834 @Damicale_s Twitter] (May 19, 2023)</ref>
<ref name="damicalestwitter-10983">[https://twitter.com/Damicale_s/status/1659277889454370834 @Damicale_s Twitter] (May 19, 2023)</ref>
<ref name="vadymnikolskyi1twitter-10984">[https://twitter.com/vadymnikolskyi1/status/1659120938678403073 @vadymnikolskyi1 Twitter] (May 19, 2023)</ref>
<ref name="vadymnikolskyi1twitter-10984">[https://twitter.com/vadymnikolskyi1/status/1659120938678403073 @vadymnikolskyi1 Twitter] (May 19, 2023)</ref>
<ref name="mueb2ethtwitter-10985">[https://twitter.com/mueb2eth/status/1659241014144401412 @mueb2eth Twitter] (May 19, 2023)</ref>
<ref name="mueb2ethtwitter-10985">[https://twitter.com/mueb2eth/status/1659241014144401412 @mueb2eth Twitter] (May 19, 2023)</ref>
<ref name="cryptopotatotwitter-10986">[https://twitter.com/Crypto_Potato/status/1659594137090371587 @Crypto_Potato Twitter] (May 19, 2023)</ref>
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<ref name="esatoshiclubtwitter-10987">[https://twitter.com/esatoshiclub/status/1659511692315836418 @esatoshiclub Twitter] (May 19, 2023)</ref>
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<ref name="brahmi1973twitter-10989">[https://twitter.com/Brahmi1973/status/1659123244379561985 @Brahmi1973 Twitter] (May 19, 2023)</ref>
<ref name="mnathu0105twitter-10990">[https://twitter.com/MNAThu0105/status/1659596705636188161 @MNAThu0105 Twitter] (May 19, 2023)</ref>
<ref name="mnathu0105twitter-10990">[https://twitter.com/MNAThu0105/status/1659596705636188161 @MNAThu0105 Twitter] (May 19, 2023)</ref>
<ref name="numencybertwitter-10991">[https://twitter.com/numencyber/status/1659518657175883776 @numencyber Twitter] (May 19, 2023)</ref>
<ref name="numencybertwitter-10991">[https://twitter.com/numencyber/status/1659518657175883776 @numencyber Twitter] (May 19, 2023)</ref>
<ref name="koinbultwitter-10992">[https://twitter.com/_Koinbul_/status/1659510629269372928 @_Koinbul_ Twitter] (May 19, 2023)</ref>
<ref name="koinbultwitter-10992">[https://twitter.com/_Koinbul_/status/1659510629269372928 @_Koinbul_ Twitter] (May 19, 2023)</ref>
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<ref name="0xepicatwitter-10993">[https://twitter.com/0xEpica/status/1659556119851974656 @0xEpica Twitter] (May 19, 2023)</ref>
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<ref name="yunasmftwitter-10998">[https://twitter.com/YunasMF/status/1659476304541147137 @YunasMF Twitter] (May 19, 2023)</ref>
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<ref name="perseuscryptotwitter-10999">[https://twitter.com/Perseus_Crypto_/status/1659520602099572736 @Perseus_Crypto_ Twitter] (May 19, 2023)</ref>
<ref name="cryptaiatechtwitter-11000">[https://twitter.com/CryptaiaTech/status/1659514500507213824 @CryptaiaTech Twitter] (May 19, 2023)</ref>
<ref name="cryptaiatechtwitter-11000">[https://twitter.com/CryptaiaTech/status/1659514500507213824 @CryptaiaTech Twitter] (May 19, 2023)</ref>
<ref name="becausebitcointwitter-11001">[https://twitter.com/BecauseBitcoin/status/1659513274029703168 @BecauseBitcoin Twitter] (May 19, 2023)</ref>
<ref name="becausebitcointwitter-11001">[https://twitter.com/BecauseBitcoin/status/1659513274029703168 @BecauseBitcoin Twitter] (May 19, 2023)</ref>
<ref name="newsgagarintwitter-11002">[https://twitter.com/NewsGagarin/status/1659544949514289152 @NewsGagarin Twitter] (May 19, 2023)</ref>
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<ref name="majedmaddevtwitter-11003">[https://twitter.com/MajedMaddev/status/1659562337378918400 @MajedMaddev Twitter] (May 19, 2023)</ref>
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<ref name="hayatkhan6931twitter-11016">[https://twitter.com/hayatkhan6931/status/1658915324660523025 @hayatkhan6931 Twitter] (May 19, 2023)</ref>
 
<ref name="web3wisertwitter-11017">[https://twitter.com/web3wiser/status/1659540574767120386 web3wiser - "Breaking: Swaprum #DEX On #Arbitrum Rug Pulls $3M, SAPR Token Crashes 100%" - Twitter] (May 19, 2023)</ref>
<ref name="web3wisertwitter-11017">[https://twitter.com/web3wiser/status/1659540574767120386 @web3wiser Twitter] (May 19, 2023)</ref>
<ref name="blmcryptotwitter-11018">[https://twitter.com/blm_crypto/status/1658986244133748737 blm_crypto - "$SAPR stakeしてたから1.5 $ARB /hになった" - Twitter] (May 19, 2023)</ref>
 
<ref name="psquaredailytwitter-11019">[https://twitter.com/pSquare_Daily/status/1659542627010891778 pSquare_Daily - "Swaprum (Arbitrum DEX) Pulls Exit Scam, Team Disappears With $3 Million, Twitter Account Deleted" - Twitter] (May 19, 2023)</ref>
<ref name="blmcryptotwitter-11018">[https://twitter.com/blm_crypto/status/1658986244133748737 @blm_crypto Twitter] (May 19, 2023)</ref>
<ref name="web3watchdogtwitter-11020">[https://twitter.com/web3_watchdog/status/1659405757572341760 web3_watchdog - "PeckShieldAlert: #PeckShieldAler #rugpull @Swaprum on #Arbitrum rugged ~$3M, $SAPR has dropped -100%" - Twitter] (May 19, 2023)</ref>
 
<ref name="parhan235twitter-11021">[https://twitter.com/Parhan235/status/1658980754511265792 Parhan235 - "good project...and good investasi.....bravo @Swaprum" - Twitter] (May 19, 2023)</ref>
<ref name="psquaredailytwitter-11019">[https://twitter.com/pSquare_Daily/status/1659542627010891778 @pSquare_Daily Twitter] (May 19, 2023)</ref>
<ref name="kirill186186twitter-11022">[https://twitter.com/Kirill186186/status/1659056318378811394 Kirill186186 - "@Swaprum he deceived us all, we fulfilled all the conditions, but they threw us .. do not believe this is ophirists" - Twitter] (May 19, 2023)</ref>
 
<ref name="beyondkartotwitter-11023">[https://twitter.com/Beyond_Karto/status/1659544007804854274 Beyond_Karto - "Important Alert! Crypto traders, beware! Swaprum, an exchange on Arbitrum network, has been exposed as a decentralized scam. The team behind it has shamelessly withdrawn approximately $3 million from customer deposits" - Twitter] (May 19, 2023)</ref>
<ref name="web3watchdogtwitter-11020">[https://twitter.com/web3_watchdog/status/1659405757572341760 @web3_watchdog Twitter] (May 19, 2023)</ref>
<ref name="defivisionarytwitter-11024">[https://twitter.com/DeFiVisionary/status/1659532864445206529 DeFiVisionary - "The #Swaprum rug pull has left investors devastated with a jaw-dropping $3 million loss in this #defi scam." - Twitter] (May 19, 2023)</ref>
 
<ref name="sanjeev08818841twitter-11025">[https://twitter.com/Sanjeev08818841/status/1659038558173429761 Sanjeev08818841 - "What is this" - Twitter] (May 19, 2023)</ref>
<ref name="parhan235twitter-11021">[https://twitter.com/Parhan235/status/1658980754511265792 @Parhan235 Twitter] (May 19, 2023)</ref>
<ref name="winnerilltwitter-11026">[https://twitter.com/winnerill/status/1659546071679352833 winnerill - "Just got rugged on Swaprum. Site and discord is still up. A lot of work for 1 million" - Twitter] (May 19, 2023)</ref>
 
<ref name="lamarziaatwitter-11027">[https://twitter.com/la_marziaa/status/1659440113372520449 la_marziaa - "swaprum finance deactivate their twitter account?" - Twitter] (May 19, 2023)</ref>
<ref name="kirill186186twitter-11022">[https://twitter.com/Kirill186186/status/1659056318378811394 @Kirill186186 Twitter] (May 19, 2023)</ref>
<ref name="mohsencngtwitter-11028">[https://twitter.com/mohsencng/status/1658906952628412433 mohsencng - "Why hasn't the token been deposited into my wallet after a few days of requesting a withdrawal?" - Twitter] (May 19, 2023)</ref>
 
<ref name="beyondbitcoin1twitter-11029">[https://twitter.com/Beyond_bitcoin1/status/1659515897004826625 Beyond_bitcoin1 - "JUST IN: Swaprum, a decentralized exchange (DEX) built on @arbitrum ruggpulls with $3 million users deposit." - Twitter] (May 19, 2023)</ref>
<ref name="beyondkartotwitter-11023">[https://twitter.com/Beyond_Karto/status/1659544007804854274 @Beyond_Karto Twitter] (May 19, 2023)</ref>
<ref name="thecryptopuritytwitter-11030">[https://twitter.com/TheCryptopurity/status/1659598409743888385 TheCryptopurity - "$3 million Crypto Rugpull Drains Swaprum DEX" - Twitter] (May 19, 2023)</ref>
 
<ref name="khuongeyelesstwitter-11031">[https://twitter.com/Khuongeyeless/status/1659014164428509185 Khuongeyeless - "Why does the claim not accumulate in the balance section?" - Twitter] (May 19, 2023)</ref>
<ref name="defivisionarytwitter-11024">[https://twitter.com/DeFiVisionary/status/1659532864445206529 @DeFiVisionary Twitter] (May 19, 2023)</ref>
 
<ref name="sanjeev08818841twitter-11025">[https://twitter.com/Sanjeev08818841/status/1659038558173429761 @Sanjeev08818841 Twitter] (May 19, 2023)</ref>
 
<ref name="winnerilltwitter-11026">[https://twitter.com/winnerill/status/1659546071679352833 @winnerill Twitter] (May 19, 2023)</ref>
 
<ref name="lamarziaatwitter-11027">[https://twitter.com/la_marziaa/status/1659440113372520449 @la_marziaa Twitter] (May 19, 2023)</ref>
 
<ref name="mohsencngtwitter-11028">[https://twitter.com/mohsencng/status/1658906952628412433 @mohsencng Twitter] (May 19, 2023)</ref>
 
<ref name="beyondbitcoin1twitter-11029">[https://twitter.com/Beyond_bitcoin1/status/1659515897004826625 @Beyond_bitcoin1 Twitter] (May 19, 2023)</ref>
 
<ref name="thecryptopuritytwitter-11030">[https://twitter.com/TheCryptopurity/status/1659598409743888385 @TheCryptopurity Twitter] (May 19, 2023)</ref>
 
<ref name="khuongeyelesstwitter-11031">[https://twitter.com/Khuongeyeless/status/1659014164428509185 @Khuongeyeless Twitter] (May 19, 2023)</ref>
 
<ref name="skynet-11032">[https://skynet.certik.com/projects/swaprum Swaprum  - CertiK Skynet Project Insight] (May 19, 2023)</ref>
<ref name="skynet-11032">[https://skynet.certik.com/projects/swaprum Swaprum  - CertiK Skynet Project Insight] (May 19, 2023)</ref>
 
<ref name="theblock-11033">[https://www.theblock.co/post/231539/swaprum-dex-exit-scam-arbitrum Swaprum DEX team disappears with $3 million in apparent exit scam - The Block] (May 19, 2023)</ref>
<ref name="theblock-11033">[https://www.theblock.co/post/231539/swaprum-dex-exit-scam-arbitrum The Block: Swaprum DEX team disappears with $3 million in apparent exit scam] (May 19, 2023)</ref></references>
</references>

Revision as of 11:30, 24 May 2023

Notice: This page is a freshly imported case study from the original repository. The original content was in a different format, and may not have relevant information for all sections. Please help restructure the content by moving information from the 'About' section to other sections, and add any missing information or sources you can find. If you are new here, please read General Tutorial on Wikis or Anatomy of a Case Study for help getting started.

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SwapRun Website

SwapRum Finance offered a next generation decentralized exchange. They obtained an audit from CertiK but only partially resolved some of the issues in their project. Then they used one of those issues to execute a rug pull and withdraw all funds form the liquidity pool, which were then brought out through TornadoCash.

This is a global/international case not involving a specific country.[1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30][31][32][33][34][35][36][37][38][39][40][41][42][43][44][45][46][47][48][49][50][51][52][53][54][55][56][57][58][59][60][61][62][63][64]

About SwapRum

"Next Generation Decentralized Exchange"

"Swaprum is a next-generation decentralized exchange with a range of trading tools and potential earnings of up to 100% APY. Explore limitless possibilities in the world of DeFi with Swaprum."

"Swaprum (@Swaprum) on Arbitrum rugged by its founders for ~$3M"

"The deployer of Swaprum utilized a backdoor function, add(), to steal LP tokens staked by users

Following the theft, liquidity was swiftly stolen from the pool by the deployer"

"Then, the deployer of Swaprum transferred all the funds to Ethereum network using cross chain bridges such as @MultichainOrg, @AcrossProtocol, and @CelerNetwork. After successfully bridging 1620 $ETH through these platforms, he funneled it into @TornadoCash."

"At this time @Swaprum has deleted all their social media accounts and groups."

"As a result of this rugpull, the token $SAPR has plummeted by 100%. The scammers managed to escape with approximately 1,628 ETH, equivalent to around $2.95 million."

"CertiK AGAIN! Why in the hell are these degens giving such "projects" money? It's frustrating to see all these scammers since 2010, hello braincell."

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 interface provided users with a balance in ARB, and claimed that withdrawals would be processed after 0.5 ARB were accumulated[65][66].

Multiple users on Twitter expressed support and excitement for the project[67], while others helped to promote it[66].

good project...and good investasi.....bravo @Swaprum

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.

Limitations of Interface

There were multiple reports prior to the rug pull of issues with the provided Swaprum interface[68][65], including a reported inability to withdraw funds[69].

Why does the claim not accumulate in the balance section?

Why hasn't the token been deposited into my wallet after a few days of requesting a withdrawal?

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.

Key Event Timeline - SwapRum Rug Pull
Date Event Description
May 17th, 2023 7:52:00 PM MDT
May 18th, 2023 9:52:12 AM MDT Liquidity Drained Transaction to drain liquidity.
May 18th, 2023 9:48:00 PM MDT PeckShield Alert Triggered A PeckShield alert is triggered. The alerts is retweeted by the Web3 Watchdog[70] and pSquare_Daily[71]. TBD get actual alert.
May 19th, 2023 12:05:00 AM MDT Twitter Account Deactivation It's reported that Swaprum Finance has deactivated their Twitter account[72].
May 19th, 2023 4:01:00 AM MDT Report on Twitter Describe the event.
May 19th, 2023 4:36:00 AM MDT The Block Article The Block publishes an article on the situation[73]. TBD get summary.
May 19th, 2023 10:34:00 AM MDT Crypto Purity Article Crypto Purity reports on the situation[74]. TBD more summary[75].

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?

[76]

Total Amount Lost

The total amount lost has been estimated at $2,950,000 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?

Reactions on Twitter

The news was widely reported on Twitter[72][77][78][79][80][81][82].

swaprum finance deactivate their twitter account?

Important Alert! Crypto traders, beware! Swaprum, an exchange on Arbitrum network, has been exposed as a decentralized scam. The team behind it has shamelessly withdrawn approximately $3 million from customer deposits

Breaking: Swaprum #DEX On #Arbitrum Rug Pulls $3M, SAPR Token Crashes 100%

Just got rugged on Swaprum. Site and discord is still up. A lot of work for 1 million

JUST IN: Swaprum, a decentralized exchange (DEX) built on @arbitrum ruggpulls with $3 million users deposit. According to blockchain security firm PeckShield, the team has already laundered part of the funds on Tornado Cash.

The #Swaprum rug pull has left investors devastated with a jaw-dropping $3 million loss in this #defi scam. As a social media marketer, I urge everyone to stay vigilant while investing in the crypto market. Like and retweet to spread the word!

@Swaprum he deceived us all, we fulfilled all the conditions, but they threw us .. do not believe this is ophirists

Ultimate Outcome

What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

Audit Security Score Updated

The security score of the Swaprum project on CertiK was updated to "Exit Scam" status[76].

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

No specific policies for individual prevention have yet been identified in this case.

For the full list of how to protect your funds as an individual, check our Prevention Policies for Individuals guide.

Platform Prevention Policies

Policies for platforms to take to prevent this situation have not yet been selected in this case.

For the full list of how to protect your funds as a financial service, check our Prevention Policies for Platforms guide.

Regulatory Prevention Policies

No specific regulatory policies have yet been identified in this case.

For the full list of regulatory policies that can prevent loss, check our Prevention Policies for Regulators guide.

References

  1. ↑ SlowMist Hacked - SlowMist Zone (May 19, 2023)
  2. ↑ @hackenclub Twitter (May 19, 2023)
  3. ↑ @hackenclub Twitter (May 19, 2023)
  4. ↑ Arbitrum Transaction Hash (Txhash) Details | Arbiscan (May 19, 2023)
  5. ↑ @Sebasti04989541 Twitter (May 19, 2023)
  6. ↑ @cryptoemprende_ Twitter (May 19, 2023)
  7. ↑ @Lucas75831804 Twitter (May 19, 2023)
  8. ↑ @AnciliaInc Twitter (May 19, 2023)
  9. ↑ @Jessiedegens Twitter (May 19, 2023)
  10. ↑ @MetaSleuth Twitter (May 19, 2023)
  11. ↑ @Damicale_s Twitter (May 19, 2023)
  12. ↑ @MartiniGuyYT Twitter (May 19, 2023)
  13. ↑ @PeckShieldAlert Twitter (May 19, 2023)
  14. ↑ @Damicale_s Twitter (May 19, 2023)
  15. ↑ @DeDotFiSecurity Twitter (May 19, 2023)
  16. ↑ @TheBlock__ Twitter (May 19, 2023)
  17. ↑ @Musiclo62847240 Twitter (May 19, 2023)
  18. ↑ @saito_pickNEWS Twitter (May 19, 2023)
  19. ↑ @jinyachao1999 Twitter (May 19, 2023)
  20. ↑ @taka__crypto Twitter (May 19, 2023)
  21. ↑ @huntershannoHS Twitter (May 19, 2023)
  22. ↑ @moff_coin Twitter (May 19, 2023)
  23. ↑ @WhaleCoinTalk Twitter (May 19, 2023)
  24. ↑ @waleedmahmoud99 Twitter (May 19, 2023)
  25. ↑ @Marcin_K88 Twitter (May 19, 2023)
  26. ↑ @MTomczak_org Twitter (May 19, 2023)
  27. ↑ @rnsahin Twitter (May 19, 2023)
  28. ↑ @CyversAlerts Twitter (May 19, 2023)
  29. ↑ @CryptoSavingExp Twitter (May 19, 2023)
  30. ↑ @cryptokere Twitter (May 19, 2023)
  31. ↑ @Damicale_s Twitter (May 19, 2023)
  32. ↑ @vadymnikolskyi1 Twitter (May 19, 2023)
  33. ↑ @mueb2eth Twitter (May 19, 2023)
  34. ↑ @Crypto_Potato Twitter (May 19, 2023)
  35. ↑ @esatoshiclub Twitter (May 19, 2023)
  36. ↑ @AlabasiMamoun Twitter (May 19, 2023)
  37. ↑ @Brahmi1973 Twitter (May 19, 2023)
  38. ↑ @MNAThu0105 Twitter (May 19, 2023)
  39. ↑ @numencyber Twitter (May 19, 2023)
  40. ↑ @_Koinbul_ Twitter (May 19, 2023)
  41. ↑ @0xEpica Twitter (May 19, 2023)
  42. ↑ @Lun68251148 Twitter (May 19, 2023)
  43. ↑ @BecauseBitcoin Twitter (May 19, 2023)
  44. ↑ @djkhileshraj Twitter (May 19, 2023)
  45. ↑ @CyversAlerts Twitter (May 19, 2023)
  46. ↑ @YunasMF Twitter (May 19, 2023)
  47. ↑ @Perseus_Crypto_ Twitter (May 19, 2023)
  48. ↑ @CryptaiaTech Twitter (May 19, 2023)
  49. ↑ @BecauseBitcoin Twitter (May 19, 2023)
  50. ↑ @NewsGagarin Twitter (May 19, 2023)
  51. ↑ @MajedMaddev Twitter (May 19, 2023)
  52. ↑ @JuanP_marin Twitter (May 19, 2023)
  53. ↑ @JurangCrypto Twitter (May 19, 2023)
  54. ↑ @ChainAegis Twitter (May 19, 2023)
  55. ↑ @aloponaf Twitter (May 19, 2023)
  56. ↑ @dariush72249709 Twitter (May 19, 2023)
  57. ↑ @BeosinAlert Twitter (May 19, 2023)
  58. ↑ @datedata51 Twitter (May 19, 2023)
  59. ↑ @DailyNewsWeb3 Twitter (May 19, 2023)
  60. ↑ @AryoBagas9 Twitter (May 19, 2023)
  61. ↑ @BlinAnalytics Twitter (May 19, 2023)
  62. ↑ @AyodeleSammylee Twitter (May 19, 2023)
  63. ↑ @tokenmetricsinc Twitter (May 19, 2023)
  64. ↑ @hayatkhan6931 Twitter (May 19, 2023)
  65. ↑ 65.0 65.1 Sanjeev08818841 - "What is this" - Twitter (May 19, 2023)
  66. ↑ 66.0 66.1 blm_crypto - "$SAPR stakeしてたから1.5 $ARB /hになった" - Twitter (May 19, 2023)
  67. ↑ Parhan235 - "good project...and good investasi.....bravo @Swaprum" - Twitter (May 19, 2023)
  68. ↑ Khuongeyeless - "Why does the claim not accumulate in the balance section?" - Twitter (May 19, 2023)
  69. ↑ mohsencng - "Why hasn't the token been deposited into my wallet after a few days of requesting a withdrawal?" - Twitter (May 19, 2023)
  70. ↑ web3_watchdog - "PeckShieldAlert: #PeckShieldAler #rugpull @Swaprum on #Arbitrum rugged ~$3M, $SAPR has dropped -100%" - Twitter (May 19, 2023)
  71. ↑ pSquare_Daily - "Swaprum (Arbitrum DEX) Pulls Exit Scam, Team Disappears With $3 Million, Twitter Account Deleted" - Twitter (May 19, 2023)
  72. ↑ 72.0 72.1 la_marziaa - "swaprum finance deactivate their twitter account?" - Twitter (May 19, 2023)
  73. ↑ Swaprum DEX team disappears with $3 million in apparent exit scam - The Block (May 19, 2023)
  74. ↑ TheCryptopurity - "$3 million Crypto Rugpull Drains Swaprum DEX" - Twitter (May 19, 2023)
  75. ↑ $3 million Crypto Rugpull Drains Swaprum DEX - Crypto Purity (May 24, 2023)
  76. ↑ 76.0 76.1 Swaprum - CertiK Skynet Project Insight (May 19, 2023)
  77. ↑ Beyond_Karto - "Important Alert! Crypto traders, beware! Swaprum, an exchange on Arbitrum network, has been exposed as a decentralized scam. The team behind it has shamelessly withdrawn approximately $3 million from customer deposits" - Twitter (May 19, 2023)
  78. ↑ web3wiser - "Breaking: Swaprum #DEX On #Arbitrum Rug Pulls $3M, SAPR Token Crashes 100%" - Twitter (May 19, 2023)
  79. ↑ winnerill - "Just got rugged on Swaprum. Site and discord is still up. A lot of work for 1 million" - Twitter (May 19, 2023)
  80. ↑ Beyond_bitcoin1 - "JUST IN: Swaprum, a decentralized exchange (DEX) built on @arbitrum ruggpulls with $3 million users deposit." - Twitter (May 19, 2023)
  81. ↑ DeFiVisionary - "The #Swaprum rug pull has left investors devastated with a jaw-dropping $3 million loss in this #defi scam." - Twitter (May 19, 2023)
  82. ↑ Kirill186186 - "@Swaprum he deceived us all, we fulfilled all the conditions, but they threw us .. do not believe this is ophirists" - Twitter (May 19, 2023)
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