Blockchain security company PeckShield, after discovering that MetaSwap’s MGAS token price had fallen sharply by 46.99%, reminded investors that a carpet pull event might occur. The MetaSwap protocol allows the exchange of non-fungible tokens (NFT) on the Ethereum, Binance and Polygon blockchains.

After the unexpected price drop, all official accounts associated with Metaswap Gas-including Twitter, Instagram and Moderate — Removed to support the carpet pull claimed by PeckShield.

#RugPull PeckShield detects @MetaSwapMGAS soft-rugged, stolen funds (1,100 BNB) were transferred to @TornadoCash (#BSC).Please do not participate in this contract, if you have approved it, please cancel https://t.co/b7sSsMz3ZE

-PeckShield Inc. (@peckshield) December 27, 2021

According to PeckShield, 1,100 Bitcoin Tokens worth nearly $602,000 were transferred to an account on Tornado Cash. Tornado Cash is an Ethereum-based non-custodial solution used to break the chain link between the sender and the receiver. This process increases the difficulty of tracking stolen funds.

PeckShield recommends that investors stop collateralizing Metaswap Gas and cancel existing contracts to avoid further monetary losses.

related: Bent Finance confirms the use of the fund pool and recommends investors to withdraw funds

In December alone, numerous encrypted entities became victims of a series of vulnerabilities, with cumulative losses of more than $600 million. On December 21, Bent Finance took the initiative to request investors to withdraw funds after confirming the loopholes in the fund pool.

1/ There is a bug from the address of the curved deployer, which added the balance of cvxcrv and mim to the address that was not verified and updated 20 days ago. We just discovered this today. This team has multiple members and we will solve this problem.

— Bent Finance (@BENT_Finance) December 21, 2021

Similar to other victims of the crypto community, including Severe finance, Bit market and Shengteng EX, Bent Finance promises its investors to return all stolen funds. However, the team has not announced the same plan:

“We recommend that you withdraw from the agreement until further notice. We will not go anywhere and will recover from this situation in one way or another.”