December continues with malicious activity in the crypto space with a new suspected rug pull coming from MetaSwap.
Reports emerged earlier today indicating that the team behind MetaSwap – a protocol enabling NFT swaps over Ethereum, Binance, and Polygon – has stolen 1,100 BNB. Shortly after, the native token tanked.
The blockchain security and data analytics resource – PeckShield – detected suspicious behavior coming from the MetaSwap team and suggested a soft-rug pull. More precisely, the company said the team behind the NFT swapping platform had stolen 1,100 BNB and transferred it to TornadoCash – an Ethereum-based tool developed to break the on-chain link between the recipient and destination addresses.
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