Crypto security experts at CertiK have warned the crypto community about a fraud using the SAI Pro social token in the Binance Smart Chain network. It is about the implementation of the so-called rugpull scheme.
According to the Skynet CertiK alert system, the SAI developer dropped about $1.7 million worth of tokens at one point.
The assets were then transferred to EOA 0x23f, which cybersecurity experts say confirms signs of “rug pull fraud,” a practice in the cryptocurrency market where developers leave a project and disappear with investor funds.
Earlier, CertiK experts discovered a vulnerability in the Solana smartphone bootloader that allows users to
unrestricted access to mobile device data.