NoaSwap Rug Pull: Difference between revisions
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{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/noaswaprugpull.php}} | {{Imported Case Study 2|source=https://www.quadrigainitiative.com/casestudy/noaswaprugpull.php}} | ||
{{Unattributed Sources}} | {{Unattributed Sources}} | ||
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In the end, the project disappeared, and may have removed some funds. | In the end, the project disappeared, and may have removed some funds. | ||
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="bscscan-3102" /><ref name="hotbitzendesk-3103" /><ref name="noaswaparchive-3104" /><ref name="rugdoc-3105" /><ref name="airdropsblog-3106" /><ref name="youtube-3107" /><ref name="poocoin-3108" /><ref name="certikiotwitter-5457" /> | ||
<ref name="certik-1251" /><ref name="bscscan-3102" /><ref name="hotbitzendesk-3103" /><ref name="noaswaparchive-3104" /><ref name="rugdoc-3105" /><ref name="airdropsblog-3106" /><ref name="youtube-3107" /><ref name="poocoin-3108" /><ref name="certikiotwitter-5457" /> | |||
== About NoaSwap == | == About NoaSwap == | ||
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!Description | !Description | ||
|- | |- | ||
|April 11th, 2021 | |April 11th, 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 59: | Line 58: | ||
| | | | ||
|} | |} | ||
== 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 78: | Line 80: | ||
== 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 == | |||
The project was run by an anonymous team, without any audit or protection for investors. | |||
== 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 == | ||
<references><ref name="certik-1251">[https://www.certik.org/ CertiK Blockchain Security Leaderboard] ( | <references><ref name="certik-1251">[https://www.certik.org/ CertiK Blockchain Security Leaderboard] (Jun 1, 2021)</ref> | ||
<ref name="bscscan-3102">[https://bscscan.com/token/0x8e97c451d4e5b4337e3e03c5b1e900d122f34899 NoaSwap Token (NOA) Token Tracker | BscScan] (Aug | <ref name="bscscan-3102">[https://bscscan.com/token/0x8e97c451d4e5b4337e3e03c5b1e900d122f34899 NoaSwap Token (NOA) Token Tracker | BscScan] (Aug 21, 2021)</ref> | ||
<ref name="hotbitzendesk-3103">[https://hotbit.zendesk.com/hc/en-us/articles/1500006303681-Hotbit-will-launch-NOA-NoaSwap-on-April-9th-2021 Hotbit will launch NOA(NoaSwap) on April 9th, 2021] (Aug | <ref name="hotbitzendesk-3103">[https://hotbit.zendesk.com/hc/en-us/articles/1500006303681-Hotbit-will-launch-NOA-NoaSwap-on-April-9th-2021 Hotbit will launch NOA(NoaSwap) on April 9th, 2021] (Aug 21, 2021)</ref> | ||
<ref name="noaswaparchive-3104">[https://web.archive.org/web/20210411022550/http://noaswap.com/ NoaSwap] (Aug | <ref name="noaswaparchive-3104">[https://web.archive.org/web/20210411022550/http://noaswap.com/ NoaSwap] (Aug 21, 2021)</ref> | ||
<ref name="rugdoc-3105">[https://rugdoc.io/project/noaswap/ NoaSwap – RugDoc] (Aug | <ref name="rugdoc-3105">[https://rugdoc.io/project/noaswap/ NoaSwap – RugDoc] (Aug 21, 2021)</ref> | ||
<ref name="airdropsblog-3106">[https://www.airdrops.blog/airdrops/noa-airdrop-noa-7-usd/ Get free NOA through this NOA airdrop] (Aug | <ref name="airdropsblog-3106">[https://www.airdrops.blog/airdrops/noa-airdrop-noa-7-usd/ Get free NOA through this NOA airdrop] (Aug 21, 2021)</ref> | ||
<ref name="youtube-3107">[https://www.youtube.com/watch?v=NELCH6CdyxY Get $7 Noa Totally Free! Noaswap Airdop! Verified Project! Airdop Detective. - YouTube] (Sep | <ref name="youtube-3107">[https://www.youtube.com/watch?v=NELCH6CdyxY Get $7 Noa Totally Free! Noaswap Airdop! Verified Project! Airdop Detective. - YouTube] (Sep 19, 2021)</ref> | ||
<ref name="poocoin-3108">[https://poocoin.app/tokens/0x8e97c451d4e5b4337e3e03c5b1e900d122f34899 PooCoin BSC Charts] (Sep | <ref name="poocoin-3108">[https://poocoin.app/tokens/0x8e97c451d4e5b4337e3e03c5b1e900d122f34899 PooCoin BSC Charts] (Sep 19, 2021)</ref> | ||
<ref name="certikiotwitter-5457">[https://mobile.twitter.com/certik_io/status/1381127280076980227 https://mobile.twitter.com/certik_io/status/1381127280076980227] (Jan 10, 2022)</ref></references> | <ref name="certikiotwitter-5457">[https://mobile.twitter.com/certik_io/status/1381127280076980227 https://mobile.twitter.com/certik_io/status/1381127280076980227] (Jan 10, 2022)</ref></references> | ||
Latest revision as of 17:47, 2 May 2023
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The NoaSwap was a new DeFi platform with clever marketing. This included a fake claim that their smart contract was audited.
In the end, the project disappeared, and may have removed some funds.
This is a global/international case not involving a specific country.[1][2][3][4][5][6][7][8][9]
About NoaSwap
"The most cutest defi exchange on #BinanceSmartChain" "Hotbit will launch NOA (NoaSwap) on April 9th, 2021"
"The project has been identified as being run by the same scammers responsible for SheepSwap. Please be cautious and stay vigilant." "Jigg clone. code seems ok although not timelocked. [C]ertik found its being run by the same scammers responsible for SheepSwap so likely rug."
"This project disappeared."
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.
| Date | Event | Description |
|---|---|---|
| April 11th, 2021 | Main Event | Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here. |
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 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
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?
General Prevention Policies
The project was run by an anonymous team, without any audit or protection for investors.
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
- ↑ CertiK Blockchain Security Leaderboard (Jun 1, 2021)
- ↑ NoaSwap Token (NOA) Token Tracker | BscScan (Aug 21, 2021)
- ↑ Hotbit will launch NOA(NoaSwap) on April 9th, 2021 (Aug 21, 2021)
- ↑ NoaSwap (Aug 21, 2021)
- ↑ NoaSwap – RugDoc (Aug 21, 2021)
- ↑ Get free NOA through this NOA airdrop (Aug 21, 2021)
- ↑ Get $7 Noa Totally Free! Noaswap Airdop! Verified Project! Airdop Detective. - YouTube (Sep 19, 2021)
- ↑ PooCoin BSC Charts (Sep 19, 2021)
- ↑ https://mobile.twitter.com/certik_io/status/1381127280076980227 (Jan 10, 2022)