Difference between revisions of "UniCat (MEOW)"
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Latest revision as of 09:02, 23 January 2022
Basics
"Last month, a new “yield farming” project called UniCats launched. Given it was hard to cut through the noise in DeFi during this time, the project ended up being malicious, and its deployer created a scheme around it involving token allowances.
As traders arrived for the apparently novel yield opportunity, the UniCat dev reaped more and more token allowances until they finally pulled the rug and started stealing users’ tokens.
As illustrated by researcher Alex Manuskin last month in an insightful Twitter thread on the episode, one UniCat user even lost ~$140,000 worth of Uniswap’s UNI tokens in the ploy."
