NoaSwap Rug Pull

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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.

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.

Key Event Timeline - NoaSwap Rug Pull
Date	Event	Description
April 11th, 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?