Heco's largest amount of money ran away Gainswap incident review: where the problem lies and how to guard against it

Wu Blockchain learned that the Heco project Gainswap’s disappearance on June 8 attracted widespread attention, involving millions of US dollars. It was also one of the projects with the largest amount of disappearance on Heco.

The specific process of the matter is: Gainswap went online on the evening of June 7th and ran away on the 8th. Although the anonymous project has no VC, institution, or big V endorsement, many retail investors entered the project because of the recommendation of TP Wallet, the largest DeFi wallet used by Chinese people, the promotion of Coin World and a few accounts, and the security audit conducted by Chengdu Lian'an. Gainswap ran away on June 8th. Huobi, TP, etc. have begun to track down, and some of the money may be recovered. Gainswap was originally a project on Ethereum, and the relevant address had withdrawn money on Gate. From various information, it is likely that it is a project made by Chinese people.

Wu Blockchain reminds that retail investors should not participate in any anonymous projects that are not endorsed by "real-name venture capital institutions". Some industry media, security companies and wallets also hope to learn from the lesson and not endorse runaway and dog-eared projects repeatedly for the sake of petty profits. This not only brings security risks to themselves, but also brings serious risks to the entire industry as retail investors report cases one after another.