Multichain

BUSD

Swap

<div class="sg-post-des">
 The deployer account for LSC drained over $1 million in tokens from the project, then swapped them to BUSD using PancakeSwap.
</div>
<div class="cointelegraph">
 The astrology-themed NFT <a rel="noopener noreferrer nofollow" title="project" href="https://thebittimes.com/tag/project.html">project</a> Lucky Star Currency (LSC) has performed an exit scam for over $1 million, according to an October 9 report from blockchain security firm Certik.
 The <a rel="noopener noreferrer nofollow" title="project" href="https://thebittimes.com/tag/project.html">project</a>’s deployer account called the ‘withdrawToken’ function on both the NFTMerge and AdwardCenter contracts, removing over $1 million in LSC from them. These tokens were then swapped for Binance USD (BUSD) stablecoin&nbsp;and sent to another account.
 <blockquote class="twitter-tweet">
 #CertiKSkynetAlert We can confirm an exit scam on @AstrAstrol75591 LSC token Bsc: 0x2b3559c3DBdB294cbb71f2B30a693F4C6be6132d EOA 0x9Ef withdrew LSC tokens from the AwardCenter contract. Tokens were then sold for $1.1mhttps://t.co/sy7vFfqhf5— CertiK Alert (@CertiKAlert) October 9, 2023
 </blockquote>
 Lucky Star Currency is a <a rel="noopener noreferrer nofollow" title="project" href="https://thebittimes.com/tag/project.html">project</a> that focuses on NFTs and claims to be founded by astrologists. Its contracts include an Award Center and NFT Marketplace. It is marketed towards the Chinese crypto investment market. The team promotes the <a rel="noopener noreferrer nofollow" title="project" href="https://thebittimes.com/tag/project.html">project</a> on X (formerly Twitter) under the username @AstrAstrol75591. It also has a Telegram channel. As of October 9, the <a rel="noopener noreferrer nofollow" title="project" href="https://thebittimes.com/tag/project.html">project</a>’s website and user interface are offline.
 Before the alleged rug, Lucky Star Currency was heavily promoted on the Chinese news app Toutiao and Q&amp;A platform Zhihu.
 At approximately 02:52 a.m. UTC, BNB Smart Chain address 0x9Ef72Ee68a7c841986A0C60e0FDbAE4e27446Deb removed over 1.6 million LSC from the AwardCenter contract for Lucky Star Currency. In a second transaction, an additional 1.4 million LSC was drained from the <a rel="noopener noreferrer nofollow" title="project" href="https://thebittimes.com/tag/project.html">project</a>’s NFTMerge contract. After draining funds, the attacker swapped them for over $1 million in BUSD via Pancake swap and then sent them to account 0x23f8c805306Bf27AB8bf3cEbEce4B778acfFd896. This account has been receiving BUSD from various sources for the past 82 days, implying that there may be more than one scam depositing funds to it.
 According to Certik, the contracts that were drained have been listed on Telegram as the project’s official contracts.
 <figure><img src="https://cdn.thebittimes.com/images/2023/10/10/0d0ff9ac1c9a16eb93f7afb2ae1ce980.webp">
 <figcaption style="text-align: center;">Admin Telegram post stating the official addresses for LSC contracts 'NFTMerge' and 'AwardCenter.' Source: Certik.
 </figcaption>
 </figure>
 In addition, blockchain data shows that the attacking account is the deployer for the AwardCenter contract.
 Related: Chinese DeFi protocol WDZD Swap exploited for $1.1M: CertiK
 The company that promoted the project claimed to have an office in Shenzen City, China.
 <figure><img src="https://cdn.thebittimes.com/images/2023/10/10/50dba2532782920cab4e709d62e62e70.webp">
 <figcaption style="text-align: center;">Lucky Star Currency office, Shenzhen, China. Source: Certik, Telegram
 </figcaption>
 </figure>
 Rug-pulls from Chinese <a rel="noopener noreferrer nofollow" title="project" href="https://thebittimes.com/tag/project.html">project</a>s have become a recurring problem in the Web3 space. Running a centralized cryptocurrency exchange is illegal in the country.&nbsp;Because of this, users who deposit to a Chinese protocol that has centralized elements may risk having their funds confiscated by police.
 Over $100 million were lost in July when the China-based Multichain protocol drained all of its users' funds into an attacker’s account. The team alleges that police have arrested their CEO, but victims still search for answers as to what happened to their funds and how they can be reimbursed.
 <template data-name="subscription_form" data-type="defi_newsletter"></template>
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/astrology-nft-project-lucky-star-currency-rugged-for-over-1m-certik-tbt65694.html">https://thebittimes.com/astrology-nft-project-lucky-star-currency-rugged-for-over-1m-certik-tbt65694.html</a>

Astrology NFT project ‘Lucky Star Currency’ rugged for over $1m - Certik

TheBitTimes

Other articles published on Oct 9, 2023

Bitcoin Cash (BCH) Price Analysis: Why Did BCH Coin Fall?

Ethereum Foundation Just Sold 1,700 $ETH

Rapid Evolution in Labor Market: AI Skills and Collaborative Leadership in High Demand

Binance, OKX Adjust Crypto Operations to Comply With UK FCA’s New Regime

Sandbox Price Prediction: SAND Price Undervalued Near $0.2800?

UK's FCA Adds 143 Crypto Exchanges, Including Huobi-owned HTX and KuCoin, to Warning List

Join our free newsletter for daily crypto updates!