Hack history / 2023 / Rug pull
Encryption AI
Rug pull on Jul 3, 2023 · Rug Pull
SOURCES AGREE ON DATE AND LOSS · 2 SOURCES
Lost
$2M
dollars at the time
Returned
none listed
as the sources state it
Rank
#697
among thefts by dollars lost
What happened
Encryption project Encryption AI (0XENCRYPT) crashed 99% as the developers behind it performed a retreat. Losing a total of $2 million, the developer released a message citing his online gambling addiction.
Details
- Date
- Jul 3, 2023
- Kind
- Rug pull
- Method
- Rug Pull
- How in
- Insiders: rug pulls, frauds, collapses
- Target
- not stated
- Chains
- BNB Chain, Ethereum
Reported by
Related incidents
Multiple wallets compromised due to irresponsible encryption in Libbitcoin project 2023 · Hack or exploit · $900K
GMETA 2023 · Rug pull · $3.6M
XIRTAM 2023 · Rug pull · $3.2M
FSL 2023 · Rug pull · $1.7M
Defilabs 2023 · Rug pull · $1.6M
GMETA 2023 · Rug pull · $3.6M
XIRTAM 2023 · Rug pull · $3.2M
FSL 2023 · Rug pull · $1.7M
Defilabs 2023 · Rug pull · $1.6M
Cite this page
SwanBluechip, "Encryption AI rug pull, Jul 3, 2023: $2M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht9ddf6ab534/ (data as of 2026-10-31).