Metaswap Gas project deceived its users

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Binance Smart Chain (BSC) Metaswap Gas Protocol (MGAS) Becomes Scheme Target rug pull, PeckShield said.

The platform has positioned itself as a platform for the exchange of non-fungible tokens on the Ethereum, BSC and Polygon blockchains. Initially, experts reacted to a sharp drop in the price of the MGAS token – by almost 47%.

According to them, the damage amounted to 1,100 BNB (~ $ 602,000 at the time of writing). The withdrawn funds have been sent to the Tornado Cash mixer.

The Metaswap Gas website is unavailable. Users reported that protocol accounts in Twitter, Instagram and Medium removed.

Clients of the platform organized a group in Telegram with the aim of hiring specialists to search for project organizers and return assets.

PeckShield also reported that another protocol, MetaDAO, has become the object of the rug pull scheme. The damage amounted to 800 ETH (~ $ 3.25 million).

As with Metaswap Gas, the assets are directed to Tornado Cash.

The rug pull schemes accounted for over a third of the $ 7.7 billion in cryptocurrencies stolen from users in total in 2021, according to Chainalysis.

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