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Hack history / 2020 / Rug pull

SharkTron

Rug pull on Nov 10, 2020 · Rug Pull

ONE SOURCE · 1 SOURCE
Lost
$10M
dollars at the time
Returned
none listed
as the sources state it
Rank
#307
among thefts by dollars lost

What happened

According to FXStreet, the community accused Daniel Wood of the DeFi project based on the Tron blockchain and the anonymous developer of the JustSwap whitelist project SharkTron for running away. Although the specific losses are not yet known, Twitter users reported that they lost 366 million to 400 million TRX (worth about 10 million US dollars). The TRON Foundation officially tweeted that it has contacted Binance to jointly track down the stolen funds and related personnel, and that some funds have been frozen by Binance. The TRON Foundation will also cooperate with other exchanges to track stolen funds. In addition, the TRON Foundation recommends that the victims submit a report to the local police.

Details

Date
Nov 10, 2020
Kind
Rug pull
Method
Rug Pull
How in
Insiders: rug pulls, frauds, collapses
Target
not stated
Chains
Tron

After the theft

Frozen
yes, amount not stated
“The TRON Foundation officially tweeted that it has contacted Binance to jointly track down the stolen funds and related personnel, and that some funds have been frozen by Binance.” (SlowMist Hacked)

Reported by

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Cite this pageSwanBluechip, "SharkTron rug pull, Nov 10, 2020: $10M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht6ed1e1d8b5/ (data as of 2026-10-31).
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