DeFi project TurtleDex powered by Binance Smart Chain completes $ 2.4 million exit scam

The organizers of the TurtleDex project disappeared, withdrawing 9000 BNB (~ $ 2.4 million) from its liquidity pools on the Pancake Swap and Ape Swap decentralized exchanges on the Binance Smart Chain, according to BSC News .

The funds were converted to Ethereum, split between 9 wallets and sent to the Binance exchange, a Twitter user under the nickname DeFi Stalker said.


Liquidty on both @ape_swap & @PancakeSwap has been removed 10hrs ago & swapped to $ ETH , split to 9 wallets, all sent to @binance . $ TTDX looks like its about to #RugPull just 24hours after pre-sale @BinanceChain $ BNB #BSC

– DeFi Stalker (@DefiStalker) March 19, 2021

All TurtleDex social media accounts have been deleted.

The JetfuelFinance platform, collaborating with the project, confirmed the fact of fraud.

Attention – The Turtledex ( #TTDX ) team has exit scammed.

We are just as shocked as everyone to see this unfold.

Please see the tweet below from @DefiStalker and help us track down the funds sent to @binance #TTDX is being removed from Jetfuel.

– Jet Fuel BSC (@Jetfuelfinance) March 19, 2021

According to journalist Colin Wu, some TurtleDex users have asked the head of Binance, Changpeng Zhao, to block the stolen funds. Ironically, earlier the project team, when asked by community members if they could hide with money, replied:

“No, because the arms are too short.”

BSC’s popular project, Turtle.dex, rugpulled, taking about 9,000 BNB, website and telegram deleted. Some are converted into ETH to Binance, investors are urging Binance to freeze. To the question of rugpull, Turtle officially stated before: No, because hands are too short.

– Wu Blockchain (@WuBlockchain) March 20, 2021

DeFi Stalker reported that TechRate audited the TurtleDex smart contract in February and found no major issues.

“What is the purpose of the audit? If developers can easily withdraw liquidity, are we asking the right questions? ”- added the user.

#TurtleDex $ TTDX s / contract was audited by @ TechRate1 on 21st of FEB, 2021. Whilst no big issues were found, it asks the question, what is the purpose of as / contract audit? If developers can simply pull liquidty to dump, are we even asking the right Questions? $ BNB $ BANANA $ FUEL

– DeFi Stalker (@DefiStalker) March 20, 2021

TurtleDex has positioned itself as a decentralized data and file storage platform for users. On March 15, the project held a preliminary sale of TTDX tokens, collecting 9,000 BNB in ​​two hours.

Recall, according to media reports, in February, an exit scam was carried out by four DeFi projects at once on the Binance Smart Chain.

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