They have both a Treasury (money for building the project ecosystem?) and a team wallet
LooksRare Team sent Ethereum from its Treasury to an unmarked address (we name it
“partial-rug”in the article below).This is also the address where the team wallet has been sending WETH to. WETH were split from the wallet to 10+ more addresses.
One of them used Tornado.cash to make the further actions untraceable.
Can this be called a partial rug pull?
The Treasury (not disclosed on the website, with 10,000,000 pre-mined LOOKS)
The Team, with vesting (not disclosed on the website, with 20,000,000 pre-mined LOOKS)
4,709 ETH were sent from Treasury to
partial-rughttps://etherscan.io/tx/0x2c22c6f826782935293421c076437b8f345cdcbfab5b2a4fb225ac9c4e6a62a8Team, unlockedsent 3,850 ETH topartial-rughttps://etherscan.io/tx/0x0dee1d14528431ce44d7d70fe758f0b1fb3fa05025ebc1ca36f82592c5b0d6d5Those WETH were sent from
partial-rugto 10+ addresses, very likely personal addresses https://etherscan.io/address/0xf6af7da33f86f138cc7dbe3a970de1905da5d1e8#internaltxOne of the addresses sent all the ETH to a coin mixer https://etherscan.io/address/0xf5033a000f01f33faddfeea4948094792fb333bd