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CASE FILE #19
Rug PullEthereumToken

K3psav.Finance

December 19, 2020

CAUSE OF DEATH

Disguised minting function masquerading as burn mechanism.

TOTAL LOST
$3K
CHAIN
Ethereum
TYPE
Rug Pull
📄

FORENSIC REPORT

TIME OF DEATH

Time of death: December 19, 2020, approximately 3-4 hours post-launch. Initial liquidity was seeded into the Uniswap pair with what appeared to be a functional token contract. The specimen was alive for mere hours before the deployer initiated the fatal sequence. Preliminary timeline shows launch → hidden minting → token dump → liquidity extraction.

CAUSE OF DEATH ANALYSIS

Technical cause of death: The burn() function contained obfuscated minting logic. Rather than destroying tokens as the nomenclature suggested, it generated new tokens directly into the deployer's wallet. This represents a fundamental contract architecture failure — a Trojan horse masquerading as a cleanup mechanism. The deployer called this function to manufacture approximately 2,512 USD worth of tokens from pure imagination, then immediately liquidated the position on Uniswap. The code was not merely flawed; it was weaponized.

CONTRIBUTING FACTORS

Contributing factors: Classic early-2020 red flags present throughout. No audit documentation. Deployer retained mint privileges despite claiming to be community-driven. The burn() function was never tested by anyone except its creator — a rather convenient isolation. The contract exists on-chain with no obfuscation measures, yet no one read it. This is not sophisticated crime; it's predatory theater exploiting the assumption that most people won't verify on-chain code.

VICTIM IMPACT

Victim impact: 2,512 USD distributed among what we estimate to be 15-40 retail participants who purchased tokens believing in a functional project. Each victim's loss is modest in isolation yet catastrophic in aggregate — early adopters paid approximately 2.5x entry price by the time the dump completed. The psychological damage exceeds the financial damage; these are the victims who now verify every contract before purchase, if they purchase again at all.

PATHOLOGIST'S NOTE

Pathologist's note: The specimen exhibits textbook rug pull characteristics with a single distinguishing feature — mild technical sophistication in the concealment mechanism. The deployer bothered to hide the exploit within a plausibly-named function rather than simply freezing liquidity or blackholing the token. This suggests confidence born of previous successes. K3psav.Finance is not an anomaly; it is the arithmetic mean of 2020 DeFi crime. The body shows no signs of struggle because there was no defense mechanism installed. We see this pattern seven times per week now. Time of death was predetermined the moment that deployer wrote the first line of code.

"K3psav.Finance expired via hidden mint-and-dump. Deployer weaponized the burn() function to conjure tokens from the void, then promptly cashed out. Classic rug with a technical twist."

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Data from De.Fi REKT Database