Incident Overview
This weekend, the biggest rug pull in Avalanche history shocked the network and its users. SDOG is the first meme coin launched on Avalanche, with a price of up to 10 million U.S. dollars, and the team admitted that they "smashed it up." On the other hand, however, what they called a "game theory experiment" went wrong. Snowdog DAO is the protocol behind the SDOG token, and as of press time, its value has lost more than 90%. This is a complex plan that involves insiders using a "key" in a smart contract that only they can access.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.