Airdrop culture could pose integral threat to DeFi industry

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EtherWrapped rug-pulls YEAR token for 60ETH gain; concerns grow over the safety of DeFi airdrops amid a recent surge in projects. Written by tomfarrencrypto

However, unbeknown to all, the creator of the contract maliciously planted this flaw in order to administer the"revokeOwnership" function soon after, designating new ownership to themselves and subsequently orchestrating a honeypot scenario in which users could only buy, not sell, the asset.

It must be stated, the action of interacting with the contract or claiming the token did not result in losses, but rather the ensuing investments into the YEAR asset on decentralized exchanges.

 

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Cant wait for my airdrops

Thank you I thought the same. - 75 percent on the day of it released to maybe get 3 percent of the gas spent just to spend more gas to trade the token. 🤯

MetaPetsCoin we always trending on Coinmarketcap and Audited By Certik :) MetaPets MetaPetsNFT

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