{"id":574511,"date":"2022-08-23T17:19:39","date_gmt":"2022-08-23T16:19:39","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=574511"},"modified":"2022-08-23T17:37:18","modified_gmt":"2022-08-23T16:37:18","slug":"crypto-rugpull-alert-sudorare-nft-exchange-disappears-after-stealing-800000-worth-of-user-funds","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/crypto-rugpull-alert-sudorare-nft-exchange-disappears-after-stealing-800000-worth-of-user-funds\/","title":{"rendered":"Crypto Rugpull Alert: SudoRare NFT Exchange Disappears After Stealing $800,000 Worth Of User Funds"},"content":{"rendered":"\n<ul><li>SudoRare NFT exchange has abandoned its project and has stolen nearly $800,000 worth of user funds.\u00a0<\/li><li>The project went offline within six hours of launching after deleting all of its official social media accounts\u00a0<\/li><\/ul>\n\n\n\n<p>An NFT exchange dubbed SudoRare has disappeared after scamming and draining users&#8217; crypto funds worth $800,000.&nbsp;<\/p>\n\n\n\n<p><strong>What Happened?&nbsp;<\/strong><\/p>\n\n\n\n<p>SudoRare, an NFT exchange created and propagated as an amalgamation of LooksRare and SudoSwap by anonymous creators, has abruptly gone offline, within six hours of its launch. <\/p>\n\n\n\n<p>The platform presented itself as a decentralized NFT exchange by tempting users to create liquidity pools for NFT collections and later collect fees by staking its native token SR.&nbsp;<\/p>\n\n\n\n<p>However, within six hours of its launch, the team behind the SudoRare crypto exchange seems to have &#8220;pulled the rug,&#8221; which in common crypto terminology refers to a scam where the crypto team suddenly abandons their project and vanishes in thin air after stealing valuable user&#8217;s funds.&nbsp;<\/p>\n\n\n\n<p>SudoRare creators have also deleted their official website alongside deleting all social media accounts sparking severe panic among the crypto community.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"und\" dir=\"ltr\">GG <a href=\"https:\/\/t.co\/wurco10Cl5\" rel=\"nofollow\">pic.twitter.com\/wurco10Cl5<\/a><\/p>&mdash; Sungjae (@sungjae_han) <a href=\"https:\/\/twitter.com\/sungjae_han\/status\/1561957900960288768?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">August 23, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The scammers have stolen nearly 519 ETH from the platform. The stolen crypto portfolio includes tokens in Ethereum, (ETH), LooksRare (LOOKS), and USD Coin (USDC) which according to the <a href=\"https:\/\/www.theblock.co\/post\/164970\/nft-exchange-sudorare-suffers-800000-rug-pull-six-hours-after-launch?utm_source=twitter&amp;utm_medium=social\" rel=\"nofollow noopener\">Block<\/a> have already been swapped for ETH on Uniswap and have been moved to three different wallets.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#PeckShieldAlert<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/rugpull?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#rugpull<\/a> Seems like <a href=\"https:\/\/twitter.com\/SudoRare?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@SudoRare<\/a> rugged 519 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$ETH<\/a> (~$815k). <br>SudoRare already deleted its social accounts\/groups, sudorare[.]xyz is down<br>Stole funds already transferred to 3 new addresses (173 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$ETH<\/a>\/address):<br>0x75c3b2&#8230;3981<br>0x0498d1&#8230;8074<br>0xbFb784&#8230;7EAa <a href=\"https:\/\/t.co\/mPC4bl4k6W\" rel=\"nofollow\">https:\/\/t.co\/mPC4bl4k6W<\/a> <a href=\"https:\/\/t.co\/O5D7jThYvm\" rel=\"nofollow\">pic.twitter.com\/O5D7jThYvm<\/a><\/p>&mdash; PeckShieldAlert (@PeckShieldAlert) <a href=\"https:\/\/twitter.com\/PeckShieldAlert\/status\/1561967493912363008?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">August 23, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Blockchain security and analytics firm PeckShield has helped trace one of the hackers tied to the rug pull by identifying its wallet which is linked to the Kraken crypto exchange.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The actor behind <a href=\"https:\/\/twitter.com\/SudoRare?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@SudoRare<\/a> rugpull seems a <a href=\"https:\/\/twitter.com\/krakenfx?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@krakenfx<\/a>  user:  <a href=\"https:\/\/t.co\/fvpulzG2Ea\" rel=\"nofollow\">https:\/\/t.co\/fvpulzG2Ea<\/a> <a href=\"https:\/\/t.co\/tBErYewidB\" rel=\"nofollow\">https:\/\/t.co\/tBErYewidB<\/a> <a href=\"https:\/\/t.co\/WLCEXsnvVp\" rel=\"nofollow\">https:\/\/t.co\/WLCEXsnvVp<\/a> <a href=\"https:\/\/t.co\/zRZqfsvlli\" rel=\"nofollow\">pic.twitter.com\/zRZqfsvlli<\/a><\/p>&mdash; PeckShield Inc. (@peckshield) <a href=\"https:\/\/twitter.com\/peckshield\/status\/1562031961857818624?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">August 23, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Since Kraken is a US-based crypto exchange that has made KYC rules <a href=\"https:\/\/support.kraken.com\/hc\/en-us\/articles\/360000672103-Verifying-your-account\" rel=\"nofollow noopener\">mandatory<\/a> for all its users, several crypto enthusiasts are hoping that one of the hackers will soon be traced and arrested for pulling a crypto rug pull. <strong>&nbsp;<\/strong><\/p>\n\n\n\n<p>In addition to this, several Twitter users were able to detect early and categorize SudoRare as a mysterious and dubious entity capable of pulling the rug.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Btw guys <a href=\"https:\/\/twitter.com\/SudoRare?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@SudoRare<\/a> might be a scam so I took down my previous tweet. I forgot to tell you guys but DeFi is probably equally as bad if not worse when it comes to scams. <a href=\"https:\/\/twitter.com\/sudoswap?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@sudoswap<\/a> legit tho.<br><br>Conceptually what I mentioned is possible and will likely be implemented at some point.<\/p>&mdash; wab.eth \u2741 (@wabdoteth) <a href=\"https:\/\/twitter.com\/wabdoteth\/status\/1559660969013510151?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">August 16, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">wait is sudorare even legit? it kinda seems like it&#39;s faked from the medium and new twitter account?<\/p>&mdash; Halo \ud83e\udd75 (@yieldintern) <a href=\"https:\/\/twitter.com\/yieldintern\/status\/1559054604498771968?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">August 15, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Users had also  issued cautionary tweets warning customers to do their research before investing their money with the firm. However, it seems that many users did not pay heed to their alarming red flags and got scammed in the end.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">BE CAUTIOUS!<br><br>The Sudorare team is fully anon and will never dox. I don&#39;t know who they are and whether their intentions are good or not.<br><br>Do your own research and make your own responsible decisions!<\/p>&mdash; Shabby \ud83e\udd87\ud83d\udd0a (@2shabby) <a href=\"https:\/\/twitter.com\/2shabby\/status\/1559799771124088832?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">August 17, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>SudoRare NFT exchange has abandoned its project and has stolen nearly $800,000 worth of user funds.\u00a0 The project went offline within six hours of launching after deleting all of its official social media accounts\u00a0 An NFT exchange dubbed SudoRare has disappeared after scamming and draining users&#8217; crypto funds worth $800,000.&nbsp; What Happened?&nbsp; SudoRare, an NFT exchange created and propagated as an amalgamation of LooksRare and SudoSwap by anonymous creators, has abruptly gone offline, within six hours of its launch. The [&hellip;]<\/p>\n","protected":false},"author":53,"featured_media":571478,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[947,828],"tags":[],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/574511"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=574511"}],"version-history":[{"count":3,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/574511\/revisions"}],"predecessor-version":[{"id":574522,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/574511\/revisions\/574522"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/571478"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=574511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=574511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=574511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}