Blockchain security firm PeckShield has issued warnings about a $1.1M rugpull involving Lucky Star Currency ($LSC) on the Binance Smart Chain (BSC).
#PeckShieldAlert#rugpull Lucky star Currency $LSC on #BNBchain has rugged for ~$1.11M, $LSC has dropped -98% https://t.co/ESuetaVFlypic.twitter.com/E9GfDhm2HY
— PeckShieldAlert (@PeckShieldAlert) October 9, 2023
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The rugpull has been associated with one address that has profited approximately $1.11 million in BUSD by offloading tokens.
Rugpull Confirmed
The rugpull actor received a total of 3 million $LSC tokens from two separate contracts, one sending approximately 1.4 million tokens, and the other sending around 1.65 million tokens.
The first address originates from the Deployer.
The second address functions as the Node Fee Address for $LSC.
What is Node Fee Address?
A node fee address is where fees paid by users for blockchain services are temporarily held before being distributed to the node operators.
This is done as compensation for their role in maintaining the network's integrity and functionality.