Fact-check findings

No source the reviewer could reach confirms or contradicts the claim.

1. #5[unverifiable][awaiting moderator]in section: Exit Scam and Fund Theft

   “The incident was described as one of the largest exit scams recorded on the Arbitrum network at the time, surpassing the $2 million Hope Finance exploit of February 2023.”

   reviewerDescribed as one of the largest Arbitrum exit scams, surpassing the $2M Hope Finance exploit of Feb 2023Neither fetched cited source makes this comparison, and it has no inline citation.
2. #9[unverifiable][awaiting moderator]in the timeline

   “CertiK begins smart contract audit of Swaprum at the team's request.”

   reviewerCertiK audit began May 2023 at the team's requestNo fetched source gives an audit start date. Timeline entries carry no sources.

The cited evidence supports part of the claim but not all of it.

1. #3[partially supported][awaiting moderator]in section: CertiK Audit and Centralization Warnings

   “The audit identified 18 total findings: 0 critical, 4 major (all related to centralization/privilege), 0 medium, 7 minor, and 7 informational.”

   reviewerCertiK audit had 4 major findings (18 total)Decrypt reports three major findings versus the page's four. The CertiK primary page was not checked, so no correction is proposed. The page's figures should be checked against the CertiK report.
   citedskynet.certik.com/projects/swaprum
2. #4[partially supported][awaiting moderator]in the timeline

   “CertiK publishes its audit of Swaprum, flagging 4 major findings related to centralization/privilege.”

   reviewerTimeline repeats 4 major findingsSame discrepancy as sections[3]. This timeline entry also has no source.
3. #6[partially supported][awaiting moderator]in section: Exit Scam and Fund Theft

   “On or around May 18, 2023, the anonymous team behind Swaprum executed a deliberate rug pull against users of their Arbitrum-based DEX.”

   reviewerExit scam executed on May 18, 2023Reports are dated May 19 and no fetched source gives May 18 as the exact execution date. The hedged wording is acceptable.
   citedcointelegraph.com/news/alleged-swaprum-r…n-customer-funds
4. #7[partially supported][awaiting moderator]in section: Technical Attack Mechanism

   “First, the add() function allowed the deployer to transfer LP tokens staked by users directly to their own wallet.”

   reviewerBackdoor transaction hashes and 200,000,000 SAPR minted, per QuillAuditsadd() is confirmed by Halborn. The getToken() function, the 200M mint, the tx hashes and the price figures could not be checked because QuillAudits returned 403. This is not scored as a dispute.
   citedwww.halborn.com/blog/post/explained-the-…ug-pull-may-2023

The cited evidence supports the claim as written.

1. #1[confirmed][no action needed]in section: Exit Scam and Fund Theft

   “approximately 1,628 ETH — valued at roughly $3 million at the time — was drained from Swaprum's liquidity pools”

   reviewerAbout 1,628 ETH (~$3M) was drained from Swaprum liquidity pools, per PeckShieldCoinTelegraph, Decrypt and web search results agree on 1,628 ETH and about $3M.
   citedcointelegraph.com/news/alleged-swaprum-r…n-customer-funds
2. #2[confirmed][no action needed]in section: Tornado Cash Laundering

   “PeckShield confirmed that approximately 1,620 ETH of the stolen 1,628 ETH was subsequently routed through Tornado Cash”

   reviewerAbout 1,620 ETH was routed through Tornado CashConfirmed by two fetched sources.
   citedambcrypto.com/arbitrum-spirals-as-custom…-scam-what-next/
3. #8[confirmed][no action needed]in section: Social Media Deletion and Project Abandonment

   “Immediately following the execution of the exit scam, the Swaprum team deleted their official Twitter/X account, Telegram group, and GitHub repository.”

   reviewerTeam deleted Twitter, Telegram and GitHub; website remained upConfirmed.
   citedu.today/arbitrum-project-swaprum-suffers…ue-falls-to-zero
4. #10[confirmed][no action needed]in the summary

   “No funds have been recovered and no arrests have been publicly reported.”

   reviewerNo arrests, prosecutions or recoveries reportedA search found no arrests or recoveries. The absence of reports is consistent with the page, but this is weak evidence.