REKT AUTOPSY
ALL CASES|Scan Wallet →
CASE FILE #24
Rug PullEthereumDEX

UniCat.farm

September 24, 2020

CAUSE OF DEATH

Privileged function abuse enabled systematic asset liquidation and flight.

TOTAL LOST
$713K
CHAIN
Ethereum
TYPE
Rug Pull
📄

FORENSIC REPORT

TIME OF DEATH

Time of death: September 24, 2020, approximately 3:47 UTC. The specimen, identified as UniCat.farm farming contract (0xb246bcd5baac8e342941d0f803d528b6668e42cd on Ethereum mainnet), was discovered in full exsanguination following coordinated administrative exploitation. No warning signs preceded the sudden cascade of withdrawals.

CAUSE OF DEATH ANALYSIS

Cause of death analysis: The setGovernance() function, apparently lacking proper access controls or timelock mechanisms, was executed eight times by wallet 0x3b01feb685932f6197e5150b4a713008d28af8b0. Each execution reassigned contract governance, progressively stripping permissions from legitimate stakeholders while granting extraction authority to the attacker. This wasn't a vulnerability—it was a feature the developers left loaded. The victim then methodically harvested all staked tokens, demonstrating the precision of a practiced operator rather than an opportunistic script kiddie.

CONTRIBUTING FACTORS

Contributing factors: The contract architecture reveals a pattern of premeditation rather than negligence. No multisig controls. No governance delays. No emergency pause mechanisms. The eight sequential setGovernance() calls suggest the developers were testing extraction parameters, optimizing the pull like a chef perfecting a recipe. Staking pools in 2020 were still the Wild West—audits were optional, timelock specifications were fantasy, and administrative functions were treated like household keys left under the doormat.

VICTIM IMPACT

Victim impact: 713,402 dollars in frozen capital belonging to yield farmers who believed in the farm's legitimacy. These were retail participants drawn by promises of alpha returns, now holding worthless tokens. The liquidity removal—executed across eight separate transactions—ensures the token has zero exit liquidity, transforming holdings from assets to digital ash.

PATHOLOGIST'S NOTE

Pathologist's note: The subsequent obfuscation through Tornado Cash demonstrates operational security discipline. The developers understood forensic blockchain analysis well enough to route proceeds through mixing services, which is the darkly professional touch that separates casual scammers from career criminals. UniCat.farm didn't trip and fall into the blockchain's gorge—it walked there deliberately, looked back to confirm nobody was watching, and jumped. The specimen has been classified as a homicide disguised as natural causes.

"UniCat.farm hemorrhaged $713k when developers weaponized setGovernance() eight times, drained the till, and vanished into Tornado Cash. Classic rug pull with a governance twist."

Share on 𝕏
Were you holding this? Get your wallet autopsy →

Data from De.Fi REKT Database