The unfortunate scenario surrounding Lucky Star Currency ($LSC) involves a significant exit scam resulting in a loss of about $1.11 million on the Binance Smart Chain.
In Brief
Lucky star Currency Token ($LSC) on Binance Smart Chain has rugged for $1.11 million, $LSC has dropped -98%
Renowned blockchain security firms have flagged significant issues involving a major exit scam linked to Lucky Star Currency ($LSC) on Binance Smart Chain. PeckShield and AegisWeb3 According to the latest alerts, the exit scam concerning Lucky Star Currency ($LSC) on the Binance Smart Chain has resulted in an estimated loss of $1.11 million, with the token's value plummeting by a shocking 98%. BSC PeckShield was the first to alert the community to the rug pull occurring on BSC, which corresponded with AegisWeb3's observations highlighting the drop in the value of $LSC. This monitoring by AegisWeb3, a trusted entity in blockchain surveillance, has been pivotal in tracking this incident.
Blockchain analysis shows significant token transfers linked to this exit scam, with one wallet, identified as 0x9Ef72E…27446Deb, selling tokens to reap a profit estimated at around $1.11 million in BUSD. Binance Smart Chain platform .
Detailed transaction records on BSCScan AegisWeb3 has uncovered evidence of an exit scam unfolding on the Binance Smart Chain.
🚨SECURITY ALERT – $1.11M Exit Scam🚨
— AegisWeb3 (@AegisWeb3) October 9, 2023
Additionally, it has been reported that the suspect acquired a total of 3 million $LSC tokens from two different smart contracts. Notably, the contract 0xae3dA6…7dCf3f8D functions as the #nodeFeeAddress for $LSC, while tokens from another address, 0x409F8C…07D04123, trace back to the original creator, adding layers to the complexities of this sudden exit. #BSC .
The token $LSC ( https://t.co/2ANV5ksVjE ) has dropped 97%. pic.twitter.com/wj39B7ztLd
As the crypto community grapples with this unsettling news, both PeckShield and AegisWeb3 have advised investors and traders to remain vigilant, highlighting the intrinsic risks associated with the world of digital currencies.
This incident serves as a harsh reminder of the importance of conducting thorough research and due diligence, particularly in a highly volatile market that often lacks transparency.
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Disclaimer
In line with the Trust Project guidelines Nik is a skilled analyst and contributor at Metaverse Post, focusing on delivering top-notch insights into the rapidly evolving realm of technology, particularly in areas like AI/ML, XR, VR, on-chain analytics, and blockchain development. His engaging articles cater to a wide audience, keeping them well-informed on the latest technological advancements. With a Master's degree in Economics and Management, Nik possesses a deep understanding of the business landscape and its intersection with cutting-edge technologies.
