BNB42 Just Pulled the $2.8M Carpet

Another carpet pulling took place in space. However, the result this time seems quite predictable: BNB42 has “awarded” attractive rewards to all Ponzi-like investors.

Follow notification Officially by CertiK, a top-level cybersecurity auditor, BNB42, a BNB Chain-based profit farming protocol, pulled the rug on February 15, 2022.

The main contract holder of BNB42 used another unverified contract to withdraw all the funds. As a result, ownership of BNB42’s Profit cultivator was changed in a series of clicks: the new contract became the only one capable of draining liquidity from users.

Then the malefactor (0x9b74FDe50F3FcD3A02FaFEA6A187092630D6EB8f) received a total of 6,445 BNB and started sending them to eight different BNB chain addresses.

In the end, these addresses transferred all funds to the Tornado cash mixing service.

Today, February 16, 2022, all social media accounts and the main BNB42 website have been shut down. The team is unavailable for comment while the BNB42 page is removed from trackers.

However, according to the little data left, BNB42 was a blatant scam from the start. His team once touted incredible rewards in a short amount of time:

“BNB42 is a 100% decentralized investment platform operating on top of BSC. Get 20% daily, 200% after 10 days!”

BNB42 has accepted BNB as an investment vehicle; 0.01 BNB is the minimum deposit. This Ponzi scheme has been heavily promoted by small crypto influencers.

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