EtherWrapped rug-pulls YEAR token for 60ETH gain; concerns grow over the safety of DeFi airdrops amid a recent surge in projects. Written by tomfarrencrypto
However, unbeknown to all, the creator of the contract maliciously planted this flaw in order to administer the"revokeOwnership" function soon after, designating new ownership to themselves and subsequently orchestrating a honeypot scenario in which users could only buy, not sell, the asset.
It must be stated, the action of interacting with the contract or claiming the token did not result in losses, but rather the ensuing investments into the YEAR asset on decentralized exchanges.
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