Metaswap gas disappears as experts link falling MGAS prices to carpet pulling

The blockchain security company PeckShield has alarm Investors over a potential carpet pulling after the MGAS token was identified by MetaSwap plunged 46.99%. The MetaSwap Protocol enables NFT swapping over Ethereum, Binance and Polygon blockchains.

“PeckShield discovered MetaSwap carpets being pulled and transferred stolen funds (1,100 BNB) to Tornado Cash. Do not cancel this contract and, if you have done so, withdraw quickly. ”

Following the surprise sale, all official Metaswap Gas-related accounts – including Twitter, Instagram, and Medium – were deleted, further confirming PeckShield’s carpet-pulling claims.

According to PeckShield, 1,100 BNB tokens valued at nearly $ 602,000 have been transferred to an account with Tornado Cash, an Ethereum-based non-custody solution that is used to sever the chain link between people, sender and recipient. This process makes it harder to track stolen funds.

MetaSwap money transfer details | The source: PeckShield

PeckShield advises investors to discontinue their stake in Metaswap Gas and to withdraw existing contracts in order to avoid further losses.

In December alone, numerous crypto units fell victim to a series of exploits that resulted in a total loss of over $ 600 million. On December 21, Bent Finance took the initiative to encourage investors to withdraw funds after confirm a pool is being dismantled.

“There was an exploit from the Bent miner’s address. This address added cvxcrv and mim credits to an address created 20 days ago from an unverified update. We only discovered that today (December 21). There are many members on this team and we will adapt. ”

Much like other victims of the crypto community like Grim Finance, BitMart, and AscendEX, Bent Finance has promised investors to return any stolen funds. However, the research team has not yet announced any specific plans:

“We recommend withdrawing funds from the minutes until further notice. We’re not going anywhere looking for ways to get our money back. ”

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