An Elon Musk-themed cryptocurrency came up with a rug pull operation of 170,000 dollars. Warnings by blockchain security firm Certik show that Elonmoon (ELONMOON) laundered 427 BNB in Tornada Cash, causing over $150,000 in grievances.
Elon Musk-themed Elonmoon (ELONMOON) rug pull released
The CertiK Alert tweet below reports that the project laundered 427 BNB ($171) using Tornada Cash and shut down all social media accounts.
When Elonmoon (ELONMOON)’s CoinMarketCap page is examined, it is seen that SpaceX CEO Elon Musk’s dreams of reaching mars are being marketed and campaigns are organized to raise funds from investors with various Blockchain applications. While all social media accounts and website have been shut down, Elonmoon’s teaser on CMC is as follows:
- Elon moon is a moon exploration earned by playing in a basically moon-themed setting for an enhanced experience that takes advantage of what makes humans the most important step. Elonmoon believes that the token can enable investors to have fun and interact freely with each other, access opportunities that lead to financial freedom, and move towards the next stage in the evolution of the internet and online interaction. We also believe that it will combine the tokens with Elon Musk’s “Moon 2024 plan” to build our new home on the moon. “Play-to-win as a legend comes out in 2022.” After a devastating tragedy on Earth, the rebuilding of the homeland on the Moon began with construction, cultivation, mining, etc. Imagine earning tokens by donating.
How are rug pull projects detected?
The best way to avoid rug pull projects is to make sure they are built by reliable developers. For example, Elonmoon (ELONMOON) is a BEP-20-based token that can be simply mined on Binance Chain. The official website of the project was opened last February and there is no information about its developers. To avoid such projects, the following items should always be considered.
- Unknown or anonymous developers should be avoided
- It should be noted how much liquidity is locked in the project
- Limits on sell orders, are token sales always allowed?
- Reports of Blockchain security firms like Certik and Packshield should be checked
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