Beosin EagleEye Security Monitoring Identifies Potential Rogue Pull on Aptos Chain

03/10/2023 06:51 • NFT Newsflash • 151 views

It is reported that according to the monitoring of the Beosin EagleEye security risk monitoring, early warning and blocking platform of the blockchain security audit company Beosin, the SUCKER project on the Aptos chain is suspected to be a rogue pull, and the account address is 0x7600ee2b357ff993bd00a303a00f57a4c3db44263a1e8be7862ef1266bcecff3 to call mint_ The SUCKR (admin privilege function) function casts a large number of SUCKR tokens into USDT, resulting in a drop of 99.99% in the price of SUCKR tokens in 24h.

The SUCKR project on the Aptos chain is suspected to be a Lug pull, and the relevant tokens plummeted 99.99%

Analysis based on this information:

Beosin EagleEye, the security risk monitoring, early warning, and blocking platform of the blockchain security audit company Beosin has identified a potential rogue pull on the Aptos chain. According to their monitoring, the SUCKER project on the Aptos chain is suspected to be a rogue pull due to a significant drop in the price of SUCKER tokens in just 24 hours. The culprit appears to be an account address (0x7600ee2b357ff993bd00a303a00f57a4c3db44263a1e8be7862ef1266bcecff3) that used the admin privilege function to cast a large number of SUCKER tokens into USDT.

A rogue pull is essentially an act of misconduct, where an individual or a group of individuals abusing their access or privilege on the blockchain network to manipulate prices or execute fraud. This kind of behavior is dangerous and compromises the integrity of the whole blockchain network and can lead to a loss of confidence in the market.

Beosin EagleEye’s report highlights the importance of monitoring and implementing the necessary controls on the blockchain network to prevent rogue pulls from happening. This incident will underline the need for more thorough security measures on the blockchain to reinforce trust in the market and the technology.

In conclusion, the report by Beosin EagleEye Security Monitoring highlights the vulnerabilities that exist in the blockchain network and the need for stricter security measures to maintain the trust of the market participants. More robust and innovative security solutions need to be developed to avoid incidents like this one and ensure the blockchain network’s integrity.

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