TeddyDoge (TEDDY), Dogecoin’s copycat meme token ends in Rug Pull, according tocompanyBlockchain Security Peckshield Reports
The report states that those deploying contracts withdrew and dumped TEDDY tokens, resulting in a 99.4% loss of value, with 10,000 BNB and 2 million BUSD gains. Peckshield said the assets are now being transferred to the exchange – Binance
It also detected that TeddyDoge may be related to Half Pizza, a Binance Smart Chain (BSC) platform that describes itself as a “smart chain”. decentralized rewarding autonomous community (DRAC)
meanwhile The project administrators told Teddy Doge’s Telegram channel that they were “not sure if this was a bug in the cross-chain bridge or if it was a leaked developer wallet.”
DRAC’s official Twitter account postedTweetIt revealed that the cross-chain bridge has been stopped, adding that TEDDY holders will soon receive DRAC, a new token. As the project is in the process of rebranding to Drac Network.
Soon after, the crypto exchange BitMarthas announcedSuspend all TEDDY-related features citing technical upgrades.
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