24/08/2022 NFT Exchange SudoRare Goes Dark After $820,000 Rug Pull

NFT Exchange SudoRare Goes Dark After $820,000 Rug Pull

Key Takeaways

  • NFT exchange SudoRare scammed users out of about $820,000 in various crypto tokens Tuesday.
  • Immediately after the incident, the anonymous developers behind the project deleted the exchange's website and disappeared from Twitter.
  • Blockchain security firm PeckShield has linked one of the attackers' wallets to the cryptocurrency exchange Kraken.

SudoRare was live for only six hours before executing the rug pull and taking down its website and all affiliated social media accounts.

SudoRare Disappears With $820,000

After numerous warnings that SudoRare could be a scam did the rounds on Crypto Twitter, the anonymous team behind the decentralized NFT exchange has pulled the rug. The theft has defrauded users of about $820,000 worth of ETH and other crypto tokens.

According toon-chain data, the incident occurred early Tuesday, only about six hours after SudoRare went live. The exchange, which was spun up as a fork of the NFT marketplacesLooksRareandsudoswapby an anonymous team,was supposed to allow users to create liquidity pools for NFT collections and collect fees by staking the project’s native token SR. However, soon after going live, the team “pulled the rug,” crypto terminology for stealing funds from users and disappearing without a trace. Shortly after making off with the $820,000, the platform’s website and Twitter disappeared.

The culprits behind the attackwithdrewabout $315,700 in WETH, $200,000 in XMON, and $314,700 worth of LOOKS tokens from the exchange before swapping the assets for ETH and moving the funds to three Ethereum wallets. Blockchain security firm PeckShield has traced the attacker to a wallet funded by the centralized exchange Kraken. “The actor behind SudoRare rugpull seems a @krakenfx user,” the firmsaidon Twitter today, providing on-chain evidence of the connection.

As a regulated U.S.-based exchange, Kraken is subject to “Know Your Customer” requirements that enforce compulsory identification checks of all of its customers. That means at least one person linked to the attack could be known to the exchange.

The theft occurred despite multiple warnings on Crypto Twitter that SudoRare could be a scam. “sudo rare is live but ppl staking into an upgradeable contract that points to a fork of master chef
 Can’t see any reason to need an upgradeable version of Masterchef as it’s really battle tested already
 stay safe as could be a scam,” one user going under Adampointed outon Twitter earlier today. The team pulled the rug a few hours later.

Arts

https://cryptobriefing.com/nft-exchange-sudorare-goes-dark-820000-rug-pull/

Interesting NFTs
Alex in Wonderland
A figure, Alex, stands mostly naked in the midst of a physical and psychological maelstrom. He is clad only in nostalgic 80’s era socks, on a tenuous island between active waters and a variety of shark denizens. Sharks on the right side of the image are all beached, including a shark with a quartz crystal snout, an orange shark wrapped in a life buoy, and a shark further in the distance wearing an 80’s style shirt with the number “88”. On the left side is the largest shark, wearing bright glossy red lipstick and brandishing prominent teeth with braces. She is cordoned off from the figure by a roped float divider, and within her thought bubble is a warning symbol. Behind the figure, hovering in the air, are Grey aliens emerging from the distance, out of a series of elliptical UFO shaped interdimensional membranes. The Greys take on the visual form of spermazoa ostensibly impregnating the interdimensional thresholds. As is typical, these Greys inhabit a zone just behind the unconscious topology of Alex’s dissociative mind. Though Alex’s bottom half is representative, his top half mutates into a psychological cornucopia. In a manner akin to “Auto-Erotic Sphinx”, a predecessor work, the figure has self suctioned—an act of sensual infatuation, enjoyment, and exploration. Upward exists the figure’s primary conscious eye, adorned with a revolutionary beret emblazoned with a Bitcoin badge. The figure’s summit features the nose of a fighter jet facing off against video game Bullet Bills, one of whom is marked by a communist North Korean star. A cropped section of a UFO observes the contest. Alex’s mind branches both left and right. To the left is more singular embodied consciousness, manifesting two eyes and a Ganesh trunk grasping crayons. The right branch dissociates upward diagonally, emerging into an array of eyes, faces, teeth, tail, a unicorn horn, and much more—all of which participate in expressing his unconscious being; a democracy of psychic factions representing thought impressions and associations. All illumination and darkness– fernal, infernal, high consciousness and corporeal underbelly–reside in this realm. In the distance are relatively languid, light clouds, and against the firmament hovers a colossal distant eye peering over the scene and far beyond. This painting possesses underlying genetic traits with previous works such as “Auto-Erotic Sphinx with Toys”, “Dionysus”, and “Fuku-Shiva”. The work serves also as a nod to an earlier period of art inspiration during late teens and early twenties— born out of the nakedness, vulnerability, curiosity, and wonder inherent to coming of age and all subsequent psychedelic revelation.
The River Plate Machine
Digital illustration for the cover of These Football Times magazine in its issue dedicated to the Argentine football team "Club Atlético River Plate". Original from 2020. For this cover I have created a complex machine that links all the generations and legends of the club with its great shield and emblem crowning the center as the heart of the fantasy machinery. Full of details and ornaments this is a highly detailed work. An authentic trip to the history of River through the imagination and the colors of the club. The most significant titles of the club are also included, such as the Libertadores Cup, the famous Intercontinental and the new Super Liga and the Argentine Cup in its newest cup design. If you see a hen, don't be surprised, it is the nickname that its fans give themselves, and they like it. ----- https://javierarres.com/about.html
Hatefulbow
A character from The Beacon
The Pixel
The Pixel is a single pixel statement. It is created to validate. The Pixel is a digitally native artwork visually represented by a single pixel (1x1). It is a token that signs the most basic unit of a digital image in a traditional global auction house. It is a tiny mark to carry digitally native art to a potential future history.
Pine Seedlings on the First Rat Day (female diver pleasured by octopuses)
Katsushika Hokusai (1760-1849) Pine Seedlings on the First Rat Day (female diver pleasured by octopuses) 1814 - Japan