$3M worth of customer funds swiped via alleged Swaprum DEX rug pull

Swaprum has been flagged as an alleged rug pull or exit scam after $3 million worth of user deposits were pulled from the project’s liquidity pools and laundered through Tornado Cash

Following the incident, Swaprum’s Twitter, Telegram and Github accounts have all been deleted, however Swaprum’s website is still operational at the time of writing.Adding extra context to the incident, fellow blockchain security firm Beosin claimed that the “deployer of Swaprum used the add backdoor function to steal LP [liquidity provider] tokens staked by users, then removed liquidity from the pool for profit.

This was apparently made possible due to the Swaprum developer team allegedly “upgrading the normal liquidity collateral reward contract to a contract containing backdoor functions.” 3/ The backdoor function add will transfer LP tokens from the contract to the _devadd address. By querying the _devadd address, it will return the ‘Swaprum:Deployer’ address.

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