Lyno AI: A Coordinated Honeypot + Presale Rug Pull

The project launched September 2025 with an AI arbitrage pitch. Today: zero liquidity, suspended website, and 1,018 holders trapped.



The mechanics:

The honeypot:
🔴 GoPlus: is_honeypot = 1 (buyers could NOT sell)
🔴 Slippage modifiable (tax changes at will)
🔴 Token Sniffer score: 0/100
🔴 Functions: clearRandomStuckEth, manualSwap, removetransfer_Tax

The supply lie:
📊 Website claimed: 500M tokens
📊 On-chain reality: 420.69B tokens
📊 841x more than advertised
📊 Deployer held 62.97% at launch

The coordinated exit:
📅 Sept 12: Token deployed + LP locked (30 days)
📅 Oct 12: LP lock expired
📅 Oct 14: LP removed (0.997 ETH extracted)
📅 Oct 15: Presale drained (7.57 ETH)
📅 Oct 19: More drained (1.04 ETH)
📅 Nov 6: More drained (0.40 ETH)
📅 Jan 7 2026: Final drain (0.29 ETH)

The deception:
⚠️ Presale widget still showed "Live!" in December 2025
⚠️ 58 days after LP was already removed
⚠️ Team posted "Milestone Unlocked: $40K Sold!" on Oct 24
⚠️ 10 days after they had already pulled the rug

Two separate deployer wallets:

  • Token deployer: Funded via Across Protocol bridge (source hidden)

  • Presale deployer: Set up collection contract July 2025

Victims:
📊 317 buy transactions
📊 12.14 ETH drained from presale
📊 1,018 holders remain trapped
📊 Website: "This deployment is temporarily paused"

The pattern:

  1. Fund deployer via bridge (anonymous)

  2. Promise audited, legit project

  3. Lock LP for 30 days (build trust)

  4. Remove LP immediately after lock expires

  5. Drain presale contract next day

  6. Keep website active to collect more

Verdict: HONEYPOT + COORDINATED RUG PULL (TWO-WALLET OPERATION)

If you invested: Save all transaction records. Do not send to recovery scammers. Report to Chainabuse.

Full on-chain investigation: cryptonewslive.org/article/lyno-ai-here-is-what-happened

Always verify: check honeypot status, compare stated vs actual supply, and audit the contract yourself.

#LYNO #CryptoScam #Honeypot #RugPull #Ethereum #CryptoInvesting #DueDiligence

Comments

Post a Comment

Popular posts from this blog

Ripple's David Schwartz Just Ended the XRP Secret Plan Debate — Here's What He Said

Image
  David Schwartz, the former CTO and current board member at Ripple, made one of his most direct public statements yet on April 23, 2026. Speaking during a live X Spaces session and following up with a post on X under his handle @JoelKatz, Schwartz told the XRP community something many did not want to hear. There is no secret government plan. There is no hidden switch waiting to be flipped. And if you have been investing time, money, or emotional energy based on that belief, Schwartz said plainly, you are fooling yourself. That does not mean Ripple has no secrets. Schwartz was careful to separate the two things. Many of Ripple's partners do request NDAs. Business confidentiality is standard in fintech at that level. What Schwartz rejected is the jump from "NDAs exist" to "therefore a massive government intervention involving XRP is imminent." That jump, in his words, is almost always going to lead somewhere completely false. The post drew over 165,000 views a...
Read more

Ripple Is Building XRPL's Defense Against Quantum Computing, and the Clock Is Already Running

Image
  Ripple has released a detailed plan to protect the XRP Ledger from quantum computing threats, and the timeline it has set is not aspirational. The target is full post-quantum cryptography readiness by 2028, with active work already underway in 2026. The roadmap runs four phases. The first is an emergency contingency for a scenario where quantum computers break classical cryptography ahead of schedule. Ripple calls this Q-Day readiness. In that scenario, the XRP Ledger would enforce a hard network shift, stopping classical public-key signatures and requiring users to migrate to quantum-safe accounts. The second and third phases cover 2026. Testing begins on NIST-recommended post-quantum algorithms under real XRPL workload conditions. Performance, storage, and bandwidth costs all get measured. Then hybrid deployment begins on Devnet, running quantum-resistant signatures alongside existing ones before anything touches the live network. Project Eleven, an organization working on cr...
Read more

Hoskinson Just Said Everything Nobody Else Will Say About Crypto in 2026

Image
  Charles Hoskinson spent over an hour on the O Show with host Wendo in April 2026 and covered ground that most crypto founders avoid in public interviews. The Midnight Network mainnet went live on March 31 with nine institutional node operators including Google Cloud, MoneyGram, Worldpay, Telegram, Vodafone's Pairpoint, eToro, Bullish, Blockdaemon, and Shielded Technologies. That alone is a headline. But it was not the most important thing he said. The AI agent argument is where this interview breaks from the usual. His position is that zero-knowledge proofs are not primarily a privacy feature. They are the only mechanism by which AI agents can verify each other's behavior. When an autonomous agent is managing your funds across multiple blockchains while you sleep, it needs mathematical proof infrastructure underneath it to constrain what it can do, protect your data without exposing it, and settle value in real time without a middleman. Midnight is being built for that future...
Read more