# MetaLine and Izumi Finance thread

By [drtfghj](https://paragraph.com/@782838mm) · 2023-07-31

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The following is the whole process of the incident

We have established cooperation with Izumi. We migrated the $60k pool to izumiswap for dual mining, and provided $20k MTG to reward lp providers. Izumi also took out $5k izi to reward lp providers. The details are as follows cooperation medium：

[https://izumi-finance.medium.com/the-ultra-evolution-announcing-mtg-usdt-double-farming-pool-47186c7c6835](https://izumi-finance.medium.com/the-ultra-evolution-announcing-mtg-usdt-double-farming-pool-47186c7c6835)

![And some screenshots of cooperation details](https://storage.googleapis.com/papyrus_images/e35c0654d9182ec13116a7a5d313ab7b20ddb4d5d161813fdc372ed19a9c050d.png)

And some screenshots of cooperation details

![](https://storage.googleapis.com/papyrus_images/cc2840f942e2cb892cb845fd7d59b24299236e1a6354a4c9f238f6e2f89ed133.png)

After that, we established 60k MTG/USDT lp according to the agreement, and also transferred $20k MTG to izumi's address.

build lp:

[https://arbiscan.io/tx/0xddc07656042a6bad5c9fae18d7da8e31ea6575744f8e9e8ccd0a450f816b893b](https://arbiscan.io/tx/0xddc07656042a6bad5c9fae18d7da8e31ea6575744f8e9e8ccd0a450f816b893b)

transferred tx:

[https://arbiscan.io/tx/0x6f2c67b68b5d888067f6fa624395210b47bd4ac8bc12c7fe395c6f77994f43eb](https://arbiscan.io/tx/0x6f2c67b68b5d888067f6fa624395210b47bd4ac8bc12c7fe395c6f77994f43eb)

We found some clues after the formal cooperation. Instead of entering the original $20kMTG into the output contract, they transferred $10kMTG to a private wallet and sold part of the MTG

transferred tx:

[https://arbiscan.io/tx/0x116a3cc8f0177c0199e161e19d7b0fefb51a8f7f5ead63a2d0bb54adaaa55bdb](https://arbiscan.io/tx/0x116a3cc8f0177c0199e161e19d7b0fefb51a8f7f5ead63a2d0bb54adaaa55bdb)

Sell MTG tx:

[https://arbiscan.io/tx/0x335ca67dff3e3c14e9ea0c573d680a6c9d6ed23b2c7310a695c7740a2f7a7ef5](https://arbiscan.io/tx/0x335ca67dff3e3c14e9ea0c573d680a6c9d6ed23b2c7310a695c7740a2f7a7ef5)

[https://arbiscan.io/tx/0x60060a70cc85fb785991fe638f02b4775d95d56a4aca39e4e4e3367dde965db5](https://arbiscan.io/tx/0x60060a70cc85fb785991fe638f02b4775d95d56a4aca39e4e4e3367dde965db5)

Moreover, this address added lp after selling MTG, which dug out the profits that users should have,Then we asked the staff of izumi about the situation.

![](https://storage.googleapis.com/papyrus_images/36f0bdcb19fe0cbb596a8f0acc2c9554297e569047b5363d2827b04a4549eaaa.png)

![](https://storage.googleapis.com/papyrus_images/a3e4e644c68d7f11be15768da32cf0aa1f1971c967905a743d0ea4604f9bc2c5.png)

![](https://storage.googleapis.com/papyrus_images/5691e4a519466a920c0143b7d6628dc7ab8876f55e0f83786001e7ac22dc5ce8.jpg)

Their employees don't know what's going on, and some of them suggested that we protect our own rights. In view of this situation, we decided to make izumi's actions public.

Afterwards, we announced the incident, which also aroused great repercussions.

[https://twitter.com/Metaline001/status/1668538048798412802?s=20](https://twitter.com/Metaline001/status/1668538048798412802?s=20)

Afterwards they also responded, but no one in the telegram group spoke again, and the unspent emissions they claimed were not re-entered into the mining pool

[https://foresightnews.pro/news/detail/24599](https://foresightnews.pro/news/detail/24599)

![](https://storage.googleapis.com/papyrus_images/6b471eeed64386d81645c74a98cdafc525bdde939b62400336b0a41da282b6e5.png)

![](https://storage.googleapis.com/papyrus_images/6e3acdba55a2ab5a4f37d917ff45c43272e873e43abf057c3e6a81dc98f2df60.png)

Izumi did not respond in the follow-up, and the usdc exchanged by MTG they sold was also in the wallet(0x00097ed1dAcdbAB9141835852f8de20D690B6f94) and was not distributed to the holders of veizi according to their statement. We think this is a premeditated theft. We hope that Arbitrum can help us solve this problem a question

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*Originally published on [drtfghj](https://paragraph.com/@782838mm/metaline-and-izumi-finance-thread)*