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Apr 5

BaseMushi Rug Pull Analysis

At last, the so-called improved version of ERC50, BaseMushi, has rug pulled. The method was deceptively simple: a maliciously modified Router was used to drain ETH while liquidity was injected. In the end, the principles of a fair launch still depended on the DINO and ERC50. What Did Mushi Do? Mushi made minor modifications to the ERC50 protocol:The last purchaser was able to trigger “add liquidity” without needing to transfer an additional 0.0005 ETH.LP tokens were programmed to be burned ra...
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