The hot-listed ERC-404 project was exposed to involve Rug disk, and the founder of the security company also came to cut leeks?

In bull markets, we must not only be wary of inserting pins, but also screen out rug habitual offenders.

The price of 404 project ERROR, which is sixth on the hot list this morning, began to plummet after a short-term surge to 13,629 US dollars. As of writing, the price has dropped tenfold to 1350. Below USD.

I was "picked up" as soon as I went online Criminal record"

ERROR is an ERC-404 token deployed by Serpent. On March 1, Serpent announced the deployment details of ERROR on social media, saying there would only be 404 tokens in total. This morning, Serpent tweeted that E RROR was online, but only two hours after it went online, it was deeply scrutinized by on-chain detectives and called it a scam.

The current official recommendation of ERROR Special has been closed, let’s first take a look at how the chain detectives exposed this scam.

At 7:59 in the morning, half an hour after ERROR went online, Twitter user ManaMoon (@ManaMoonNFT) tweeted that ERROR's fake contract had used the same checksum and unique functions hours before the "real" contract was deployed On the line. 「」

Then, chain Detective ZachXBT published an article at 8:47 that the ERROR deployer injected $1.3 million into Ethereum through Stake, and this money was the money obtained from the pre-sale of the already rug FCKIT meme coin initiated by Eskyy.

From the funds in the picture above As you can see from the link, the FCKIT meme coin deployment address transferred 200 ETH to the address starting with 0xccb9, and the money eventually flowed to the ERROR deployment address.

FCKIT will be launched at the end of May 2023, but the Twitter of the project founder has been logged out, and FCKIT has not found this currency.

Rug repeat offenders were safe Company founder

Interestingly, Serpent, the deployer of ERROR, was previously the founder of a security company. Previously, his Tittle was the founder of Discord and encryption threat mitigation system Sentinel and co-founder of DAPE. He used to expose hacker attacks and scam alerts on social media.

Serpent posted an ERROR pre-tweet of "Turn on Tweet Notifications" on February 25. In another piece of content, Serpent forwarded a fraud case he exposed in 2022 - "Analysis of how scammers stole 14 BAYC today through a month-long social engineering fraud, worth more than 852 ETH." It has to be said that Serpent He also understands social engineering.

While Serpent was operating Sentinel , has also been involved in fraud. While one user questioned how to communicate with real hackers, Serpent was promoting its security products. Currently, the Sentinel Twitter account has been deleted.

Although we currently cannot determine whether Serpent is the Eskyy that deployed FCKIT through its Twitter account, what is interesting is that Serpent also posted a "Leave a comment" before FCKIT was launched. Download your wallet address and you will thank me" style tweet.

The bull market is coming, reminder Everyone should pay attention to risk screening when participating in various new dishes; stud is not wisdom, but stud safe projects are a kind of wisdom.

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