Blockchain security company PeckShield has alerted investors of a possible rug pull event later on identifying a massive 46.99% price driblet on MetaSwap'due south MGAS token. The MetaSwap protocol allows nonfungible token (NFT) swaps over the Ethereum, Binance and Polygon blockchains.

Following the unexpected toll drib, all official accounts linked with Metaswap Gas — including Twitter, Instagram and Medium — were removed, supporting PeckShield'south merits of a rug pull.

According to PeckShield, i,100 Binance Coin (BNB) tokens, worth almost $602,000, were transferred to an account on Tornado Cash, an Ethereum-based not-custodial solution that is used to interruption the on-chain link between the sender and the receiver. This process adds to the difficulty in tracking the stolen funds.

Details of the MetaSwap transfer. Source: PeckShield.

PeckShield advises investors to stop staking on Metaswap Gas and revoke existing contracts to avoid further monetary losses.

Related: Aptitude Finance confirms pool exploit, advises investors to withdraw funds

In December, alone, numerous crypto entities became victims to a serial of exploits, resulting in a cumulative loss of over $600 1000000. On Dec. 21, Aptitude Finance proactively asked investors to withdraw their funds afterwards confirming a pool exploit.

Similar to other victims of the crypto customs including Grim Finance, BitMart and AscendEX, Bent Finance promised its investors to render all the stolen funds. Nevertheless, the team is yet to announce a program for the same:

"We recommend yous withdraw from the protocol until further notice. Nosotros are non going anywhere and will recover from this one way or another."