Hack history / 2021 / Rug pull
PolyButterfly
Rug pull on Jun 5, 2021 · Rug Pull
ONE SOURCE · 1 SOURCE
Lost
$1.5M
dollars at the time
Returned
none listed
as the sources state it
Rank
#800
among thefts by dollars lost
What happened
On June 5, 2021, PolyButterfly, a decentralized financial protocol based on Polygon, disappeared. Its website has been closed, and its Twitter account and Telegram chat history have been deleted. Before this mysterious disappearance, it was revealed that the PolyButterfly code had a dangerous backdoor that allowed the product team to remove customer liquidity. According to RugDoc, the scammers stole more than 600 ether, or more than $1,500,000.
Details
- Date
- Jun 5, 2021
- Kind
- Rug pull
- Method
- Rug Pull
- How in
- Insiders: rug pulls, frauds, collapses
- Target
- not stated
- Chains
- Polygon
Reported by
Related incidents
DeFi100 2021 · Rug pull · $32M
Snowdog DAO 2021 · Rug pull · $30M
Saturnbeam 2021 · Rug pull · $12M
GainSwap 2021 · Rug pull · $8M
Luna Yield 2021 · Rug pull · $6.7M
Snowdog DAO 2021 · Rug pull · $30M
Saturnbeam 2021 · Rug pull · $12M
GainSwap 2021 · Rug pull · $8M
Luna Yield 2021 · Rug pull · $6.7M
Cite this page
SwanBluechip, "PolyButterfly rug pull, Jun 5, 2021: $1.5M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht79f06be0db/ (data as of 2026-11-01).