BNB42 DeFi Rugged For $2.8 Million, CetriK Explains How

Vladislav Sopova

Cybersecurity Vendor CetriK Revealed How BNB42 Team Stealed $2.8M From Users


BNB42 protocol carpet pulled: here’s how200% Rewards in 10 Days: What Was BNB42?

Another day, another dress. This time, however, the result looks pretty predictable: BNB42 teased overwhelming rewards for all investors in a Ponzi-esque style.

BNB42 protocol carpet pulled: here’s how

According to the official announcement by CertiK, a leading cybersecurity auditor, BNB42, a BSC-based crop cultivation protocol was dropped on February 15, 2022.

The owner of BNB42’s main contract has deployed another unaudited contract to withdraw all the funds. As such, the ownership of BNB42’s revenue farming engine was changed in a few clicks: the new contract became the only one capable of absorbing users’ liquidity.

Subsequently, the culprit (0x9b74FDe50F3FcD3A02FaFEA6A187092630D6EB8f) collected a total of 6,445 Binance Coins (BNB) and sent them to eight different BSC addresses.

Finally, these addresses moved all funds to the Tornado Cash mixing service.

200% Rewards in 10 Days: What Was BNB42?

Today, February 16, 2022, all social media accounts and the main BNB42 website have been taken offline. The team could not be reached for comment while the BNB42 page is being removed from trackers.

However, according to the few surviving records, BNB42 was a blatant scam from the start. The team used to offer incredible rewards in short periods of time:

BNB42 is a 100% decentralized investment platform operating on the Binance Smart Chain. Get 20% per day, 200% after 10 days!

BNB42 accepted Binance Coins (BNB) as an investment vehicle; 0.01 BNB was the minimum deposit. This Ponzi scheme was aggressively promoted by minor crypto influencers.

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