Aptos Chain’s SUCKER Project Hit by Rogue Pull

03/10/2023 06:51 • Blockchain Briefs • 141 views

It is reported that according to the monitoring of the Beosin EagleEye security risk monitoring, early warning and blocking platform of the blockchain security audit company Beosin, the SUCKER project on the Aptos chain is suspected to be a rogue pull, and the account address is 0x7600ee2b357ff993bd00a303a00f57a4c3db44263a1e8be7862ef1266bcecff3 to call mint_ The SUCKR (admin privilege function) function casts a large number of SUCKR tokens into USDT, resulting in a drop of 99.99% in the price of SUCKR tokens in 24h.

The SUCKR project on the Aptos chain is suspected to be a Lug pull, and the relevant tokens plummeted 99.99%

Analysis based on this information:

The Beosin EagleEye security risk monitoring, early warning, and blocking platform recently reported a suspected rogue pull in the SUCKER project, which runs on the Aptos chain. The blockchain security audit company has been monitoring the activities on this network and flagged the account 0x7600ee2b357ff993bd00a303a00f57a4c3db44263a1e8be7862ef1266bcecff3 for its unauthorized actions.

According to reports, the rogue pull has been executed via the “mint_SUCKR” function, a privileged function that grants users permission to generate new SUCKR tokens. Using this function, the account in question has casted a large number of SUCKR tokens into the USDT, which has caused a drastic 99.99% drop in the price of SUCKR tokens within 24 hours.

This phenomenon is not new in the crypto world, and rogue pulls have become increasingly common. These incidents refer to malicious actions carried out by a group of users or individuals who exploit vulnerabilities within the system to gain an unfair advantage. In most cases, the attackers derive financial gains from such activities.

For instance, in the case of SUCKER, the malicious user used the privilege function to cast and sell a large amount of SUCKR tokens, thereby flooding the market with the token and causing the value to plummet. This action implies that the rogue pull may have intended to manipulate the SUCKR token price to make a profit at the expense of other investors.

In conclusion, the incident of the SUCKER project on the Aptos chain is a wakeup call for developers and investors regarding their security protocols. It is necessary to conduct regular audits and monitor activities on the blockchain to prevent and mitigate the risks associated with malicious actors. Beosin EagleEye’s security monitoring platform is a step towards protecting investors’ assets and ensuring the integrity of the market.

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Aptos Chain’s SUCKER Project Hit by Rogue Pull

The SUCKR project on the Aptos chain is suspected to be a Lug pull, and the relevant tokens plummeted 99.99%

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