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RugDoc Review
- UPDATE 4: All socials have been deleted and the Banshee dev account (0x96ac…e6dd) – which, again, was created by a Grim dev account – has withdrawn nearly all funds ($83k) to a Coinbase wallet: 0xf190…3708
- UPDATE 3: The new account has moved a large amount of funds (~$24k USD) over to Polygon and withdrawn to crypto.com: 0x45dc…a844. This wallet was seeded by, and received many transactions from, 0xdce6…ec69 which was seeded via Shade from the account mentioned below (0x093c…e424)
- UPDATE 2: Funds have been transferred out and the strong ties to Grim Finance continue:
- After rugging, the Banshee dev account has withdrawn 53k FTM to a new account, 0x009d…8303 (including 10k FTM via Shade cash)
- This new Banshee account then sent $1000 USDC to 0xaf97…5927 and $700 USDC to 0x1f99…dbce. Both of these accounts were seeded from 0x093c…e424
- This seeding account (0x093c…e424) is connected to Grim in a number of ways, including:
- It created the account 0x5c3a…7926, which is the dev account for a GrimTable contract
- It received $1200 from the Grim strategy account
- It received $925 from a Grim dev account
- It received 20,000 REAPER from the Grim treasury
- TLDR; The Banshee account has sent funds to addresses seeded by a wallet with multiple Grim connections.
- UPDATE 1: 🚨 As we warned, the project pulled their liquidity, which represented more than half of the total liquidity, and sold a bunch of tokens:
- https://ftmscan.com/tx/0x584d51fa99beb2ed543c268e53060d9e4fd7e8f8df952f1e20e40326b7c1ceef
- https://ftmscan.com/tx/0x7627debfe67b3a79661e49e85fd6e049fc7c34590536709249993b8cceccd34f
- https://ftmscan.com/tx/0x77fb4ec77a441d1617fe770374d055f559f89d4c9fc871f21457cd67c17f5e70
- https://ftmscan.com/tx/0x5db73b741288769c2ecf295c3437d18a00f2759d9b0bd9f6d2fd0ad10bb2b2c4
- There was no warning of this, and no announcement afterwards. We do not recommend participating in this project, there’s a high likelihood they’ve rugged.
Goose fork with capped deposit fees.
⚠️ There was no hard rug code found, so your non-native funds will be safe if you stake them in the correct contract, but there are many warning signs with this project including its shady origins (Ed. I see what you did there), so exercise extreme caution if you wish to invest here.
- ⚠️ The project blatantly lied about its origins. The dev is a Grim Finance developer (0x45a0…950f, which seeded 0xc4a7…5f3b, which seeded the Banshee dev account 0x96ac…e6dd) and the project was funded using Shade cash from that same Grim developer account (100 FTM from 0x45a0…950f), as well as the Grim strategy account (1000 FTM from 0xaa42…142c). When asked about this, project leads specifically said there was no connection to Grim, that the funding came from themselves, and that the transactions in question weren’t related to them at all. Lying about the origins of the project is an obvious warning sign. It strongly increases the chance of the contract being swapped out, or the project soft rugging by adding hidden pools, messing with emissions, dumping tokens and liquidity, etc.
- ⚠️ Liquidity is just staked in the masterchef and can be removed and dumped at any time. Please clarify with the project on liquidity locking or burning
- ⚠️ Masterchef uses per-block emissions instead of per-time. This is an antipattern on networks with variable block times like Fantom and Avalanche
- ⚠️ Does not support deflationary/transfer-tax token pools, just clarify with project that none will be added
- ⚠️ Dev address can be set to the zero address, which would block regular withdrawals and harvests
- ⚠️ Masterchef currently not behind a timelock
- ✅ Max 4% deposit fees
- An extra 10% of emission rewards are minted to the dev address
⚠️ TRIPLE CHECK the contract you interact with matches the one reviewed here (0xae5b…409e)
*Paid Advertisement. Not financial advice. RugDoc is not responsible for the projects showcased here. DYOR and ape safu.
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