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Local Traders

avoid.net/local-traders→22/100·52% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·MmTseF…wUtk

Summary

Local Traders (localtraders.finance) is a peer-to-peer cryptocurrency exchange and native token (LCT) project launched in 2021, headquartered in Chile and targeting Latin American and African markets. On May 23, 2023, the platform's smart contract was exploited due to a missing access-control check, resulting in approximately 379 BNB (~$119,000) stolen from its liquidity pool. The LCT token has since declined approximately 99.9% from its all-time high, the platform has shown limited trading volume, unverified team credentials, and a lack of regulatory registration, and the project was flagged by on-chain investigator ZachXBT.

Connected Entities

8 entities · 60 linked investigations
Organizations
□Tether52□Paxful□Binance45□Noones□ZachXBT□Local Traders
Tokens
♦USD Coin (USDC)71♦Bitcoin
Relationships
  • Paxful→mentioned with→Bitcoin(70%)
  • ZachXBT→mentioned with→Bitcoin(65%)
  • ZachXBT→mentioned with→Binance(60%)
  • USD Coin (USDC)→mentioned with→Tether(70%)
  • Binance→mentioned with→Tether(60%)
  • Paxful→mentioned with→Noones(70%)
  • Noones→mentioned with→Paxful(70%)
  • Noones→mentioned with→Binance(70%)
  • Noones→mentioned with→ZachXBT(70%)
  • Noones→mentioned with→Bitcoin(70%)
  • + 8 more
Also appears in
Bilaxy·18Circle·62H-Pay Service PLC (Huione Successor Entity)·2Bitcoin Xchange (Syria-based, ISIS-Linked)·0Gurhan Kiziloz·0Siavash Kayvanpour·0Voyager Digital·0HQI Exchange·2Q2 2026 Record Crypto Hack Wave·0Indonesia Pig Butchering Syndicate — Live Model Operation (2025-2026)·0+ 50 more
Have evidence about Local Traders?

Timeline(10 events)

March 2021

Local Traders whitepaper released; project announced as first LATAM-based tokenized P2P exchange

CoinCheckup ICO listing

June 2021

Local Traders testnet launched

CoinPaprika token timeline

September 2021

Local Traders mainnet launched; LCT token distribution begins

CoinPaprika token timeline

19 October 2022

LCT token ICO conducted on Binance Smart Chain at $0.001945 per token; soft cap of 40 BNB

CoinCheckup ICO listing

30 October 2022

CertiK security audit completed; one major Centralization/Privilege finding identified and reportedly resolved; Skynet score 72.07

CertiK Skynet Project Insight

23 May 2023

Smart contract exploit on BNB Chain drains approximately 379.32 BNB (~$119,040) via missing access-control check in function 0xb5863c10; attacker address 0xd771dfa8fa59bd2d1251a0481fca0cf216276dd7

Neptune Mutual exploit analysis

24 May 2023

Local Traders team publicly acknowledges exploit; announces four-tranche 100 BNB buyback recovery plan and bug bounty via HackenProof

Local Traders Official Telegram Channel

3 October 2023

LCT token reaches all-time high of approximately $0.392085 before subsequent collapse

CoinPaprika

May 2025

Local Traders featured in sponsored articles on Vanguard Nigeria and Citi Newsroom Ghana promoting platform as best P2P option following Binance P2P withdrawal from African markets

Vanguard News Nigeria

May 2026

LCT token trading at approximately $0.000363 — approximately 99.9% below all-time high — with 24-hour volume of under $1 on tracked exchanges

CoinPaprika
Provenance & Audit Trail
Anchored on SolanaVerify on-chain16 Wayback Archivessrc:defillama

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 16 of 20 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-5

generated: 5/4/2026, 2:54:42 AM

last updated: 8/29/2026, 1:32:55 AM

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