VPANDA DAO Loses $265k In Shocking Rug Pull Incident

Key Points:

• VPandaCommunity suffers $265,000 rugged incident on Binance Smart Chain resulting in a 97.4% drop in $VPC token value.
• Stolen funds transferred to 0x33d2a4…af65 address, as recorded on BSCscan.
• Importance of due diligence stressed in evaluating crypto projects and the significance of blockchain security companies highlighted

VPanda Community, a cryptocurrency project on the Binance Smart Chain (BSC), has fallen victim to a rugged incident, resulting in a loss of approximately $265,000 in BSC-USD tokens.

PeckShield, a blockchain security company, has issued an alert regarding the incident under the hashtag #PeckShieldAlert.

The rugged incident has led to a drastic drop in the value of the project’s native token, $VPC, which has experienced a staggering decline of 97.4%. The stolen funds from the VPandaCommunity contract have reportedly been transferred to the address 0x33d2a4…af65, as evidenced by the transaction recorded on BSCscan.

The rugged incident has raised concerns among the cryptocurrency community, prompting discussions and speculation regarding the circumstances surrounding the security breach. Investors and users are advised to exercise caution and refrain from engaging with VPandaCommunity until further clarity is provided by the project’s team or security experts.

The incident serves as a reminder of the importance of due diligence and risk assessment when participating in the crypto space. Investors should carefully evaluate projects, including conducting thorough research on the team, auditing practices, and security measures implemented by the project before making any investment decisions.

PeckShield’s involvement in highlighting the rugged incident underscores the significance of blockchain security companies in the industry. Their expertise and vigilance play a crucial role in identifying potential vulnerabilities and protecting users from malicious activities.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Annie

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