Dogecoin (CRYPTO: DOGE) copycat Teddy Doge (CRYPTO: TEDDY) has orchestrated the latest DeFi rug pull, according to blockchain analytics firm PeckShield.
What Happened: PeckShield alerted users that the Teddy Doge developers likely pulled off a “soft rugpull,” making off with $4.5 million worth of investor’s tokens. The price of TEDDY dropped 99.4% after the news made rounds.
The deployer deployed the contract and transferred a large quantity of $Teddy to 0xdbe8ef79a1a7b57fbb73048192edf6427e8a5552, then pump and dump the …
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