Metaswap Gas and MetaDAO projects turned out to be exit scams
PeckShield experts warned investors after revealing a sharp 46.99% drop in the price of the MGAS token. After that, all official accounts of the project on Twitter, Instagram and Medium were deleted. The developers of Metaswap Gas positioned the project as an exchange platform for non-interchangeable tokens on Ethereum, BSC and Polygon blockchains.
According to PeckShield, 1,100 BNB worth nearly $602,000 were transferred to a Tornado Cash account. The service helps users anonymize cryptocurrency transactions.
PeckShield later issued a new warning about a protocol with a similar name, MetaDAO. According to the security company, the project used the same rug pull scheme and the same withdrawal service as Metaswap Gas.
Attackers withdrew 800 Ethereum (~$3.2 million) from the project, PeckShield experts said.
