erc20

Pink Drainer was a Drainer-as-a-Service (DaaS) phishing toolkit that operated from approximately July 2023 to May 2024, facilitating the theft of over $85.3 million in cryptocurrency from more than 21,000 victims across Ethereum and other networks. The operators ran the service by licensing a sophisticated wallet-draining script to affiliate phishers for a 20-30% cut of stolen proceeds, then announced a voluntary shutdown on May 17, 2024, citing their goal as 'accomplished.'

PAAL AI is an Ethereum ERC20 token launched in July 2023, marketed as an AI-powered chatbot and automation ecosystem for crypto communities. In September 2023, blockchain investigator ZachXBT published on-chain evidence and leaked Telegram messages alleging that four prominent crypto influencers — TraderSZ, TraderNJ1, PetaByte, and Trader_XO — received undisclosed token allocations from the PAAL AI team and engaged in a coordinated pump-and-dump scheme, collectively dumping hundreds of thousands of dollars in PAAL tokens on retail buyers. The token subsequently declined approximately 98.7% from its March 2024 all-time high of $0.8653 to below $0.013 by mid-2026, while the PAAL brand has also been exploited by third-party wallet-draining scams impersonating its staking platform.

Netmind AI (netmind.ai) is a London-based decentralized GPU compute network that issues the NMT token on both Ethereum (ERC20) and BNB Smart Chain (BEP20) via upgradeable proxy contracts. In March 2024, 440,000 NMT tokens were sold in a sudden dump that caused a 76% price crash — attributed by the team to a compromised early miner wallet, though the mechanism remains disputed. The NMT contract is an upgradeable transparent proxy that grants the owner unilateral ability to disable sells, change fees, mint, or transfer tokens, representing a material centralization and rug-risk vector flagged by security tools and, according to AVOID.NET source tagging, by ZachXBT.