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Alcove Vault

Arbitrum

RugDoc Review

High Risk

🚨🚨Developer wallets can be traced back to MULTIPLE scam projects!
Contract created by https://arbiscan.io/address/0x39d409a3003a49bd18a1e41e35a6c406829bb42c

And was funded by: https://arbiscan.io/address/0x3be60dc3243fdfa35b293d077aa37b354c13cd8a
If you keep following the funded wallets back you will go through:

https://arbiscan.io/address/0xa021118baf5bd8ab05898af3b646a0707f15521a
https://arbiscan.io/address/0x8b01c02bdc2157faf1675548bde3e823dc644847https://arbiscan.io/address/0x52ebaa0b6515d322a0e9005af6015441b7fcf15dhttps://arbiscan.io/address/0x0e60a8453ab12896f88b9db3845c232a41248cd7https://arbiscan.io/address/0x85e2dde461e0ce11ab865901af6124fb25b027ae

Until we eventually reach: https://arbiscan.io/address/0x8b56382091fd5888e8ac9f2210d77d9889ff5d1f

In this wallet we see the Milk Presale https://arbiscan.io/address/0x74fcdbed238660567eec73207b2373fa5a3d21f7
Where the dev emergency withdrew funds and there were no claims to tokens.

We see contract creation for ArbSweeper : https://arbiscan.io/tx/0xb2703da0a71d4e521403cda9a399524f98fd652c0b03113f01124b8e24403b7d
Which looking at the comments on their Twitter seems to have rugged: https://twitter.com/Arbisweeper/status/1625923413570093066

If we look in that ArbSweeper contract https://arbiscan.io/address/0xe3d6b732d96e01ba6f5ee55c2f31c3247ad99ae8 we see token “BitBet” in there with a supply of BitBet which also appears to have rugged https://dexscreener.com/arbitrum/0xdaea7d4c7b9465d99003d8fe8bbd6c15f9f164c9

Updated on 4 March 2023
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Farm, Token

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Disclaimer: This is done with our best knowledge and effort, nothing can be known for certain – always DYOR and risk management. This is NOT financial advice. Use the information presented here to inform your own decisions. Referral links may be included on any outbound link.

  • What do the risk ratings mean?

Our mission here at RugDoc is to screen for hard rug code that results in 100% theft of ALL underlying funds for ALL participants.

This is the ONE part of the due diligence process that most people cannot simply do on their own as it costs thousands of dollars to hire a senior solidity developer to look over a farm for safety.

A project coin with terrible code can go up in price, and a project with good code and a good team can also go down in price.

Do NOT use our ratings to refer to your likelihood in making money if you invest in the project. They are ONLY in reference to code safety.

Everything else beyond code safety is YOUR responsibility to go do research on. We just make sure the casino you’re betting in won’t rob you before you even get to place a bet.

Our reviews for projects are organized into a few colors.

🟢 Least Risk
These projects are the least likely to hard or soft rug. Usually reserved for cornerstone projects of an ecosystem where it makes no financial sense for them to rug in any manner as they make more money just being legit.

🔵 Low Risk
These projects are usually established projects in an ecosystem that have a track record of success or have KYC’d to us or other authoritative sources in the real world. As a result, it is extremely unlikely for them to soft rug or hard rug their projects. The projects can still fail and the token price can go down, but usually more as a result of natural market forces.

⚪️ Some Risk
This is the default rating for projects with unknown teams but have code that is unlikely to have hard rug risk. Since the team is unknown and doesn’t have a track record of success, it’s entirely possible that they may try to soft rug by dumping tokens, abandoning the project, etc. Even a last minute contract swap to a malicious contract is possible. The only thing that is unlikely is a complete hard rug as long as you are 100% sure you deposit into the contract we review.

🟠 Medium Risk
Similar to Some Risk, but the underlying code itself is custom enough or complex enough that it warrants an elevated risk rating that needs deeper research. Make sure you read every point presented to make sure you’re comfortable with that before entering. Still unlikely to hard rug, but more chances of custom code behaving incorrectly and causing other issues.

🔴 High Risk
Project contains code or practices that are HIGHLY LIKELY to lead to catastrophic losses as they are right now. Make sure you read the description carefully as we will always warn what these issues are. If you see the words Hard Rug anywhere in the review, STAY FAR AWAY!

⚫️ Not Eligible
We reserve the right to not review exceedingly complex projects that would require tens of thousands of dollars of senior security analyst man hours. Typically these are projects that deal with leverage, lending, options, derivatives, and anything that is overly complex and which requires tons of peer reviews and audits from top audit companies.

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  • How can I request for an update to my review?

🟢 For owners who have made impactful changes and would like an update to their farm review:

1️⃣ Use #update at @RugDocChat with your description and proof of changes and it will be forwarded to our scanners.

2️⃣ This does not guarantee a change in your review.

3️⃣ Owners who have difficulty solving the issues can consider our Consultation Package – please contact @BaymaxCrypto on Telegram to discuss.