Stox (STX) reported to have performed an exit scam (Part 2 of 2)
The Stox contract says that at the end of the token sale 29,600,000 more tokens were created. Of these 55% (or 16,280,000) went to the strategic partnership address.
25% was vested for Invest.com at address
https://etherscan.io/address/0xb54c6a870d4aD65e23d471Fb7941aD271D323f5E)
and 20% was vested with the Stox team
https://etherscan.io/address/0x4eB4Cd1D125d9d281709Ff38d65b99a6927b46c1Total 45% of tokens, equalling 13,320,000 Stox.
Both of these vesting addresses have the revoke=True parameter set. This means that they can choose whenever they want to revoke the vesting amount and have it returned to their wallet.
12 days after the crowdsale 7,400,000 Stox were withdrawn from the trustee contract to the wallet -
https://etherscan.io/address/0xaf773cb251d81178a611ba74e279bbaddce560c2through the revoke function as shown in the transaction hash: -
https://etherscan.io/tx/0x4f79834acea65c45e5c64bca96dadbe7961d2e23dc77868d1ebc9cecd90ab3e3This transaction is equivalent to 12.5% of total Stox (amount given to Invest.com). This is done again with 5,920,000 Stox which is equivalent to 10% of total Stox (the amount given to the Stox team). Transaction Hash -
https://etherscan.io/tx/0x334331066bb6d54a6614190b80ee0e0e9c8a4885f9fee3bbddc43bab7f30eaec.
Now looking at the revoke function it looks like you pass the holder address, the contract checks that the holder has a vested amount…and if true returns the vested amount to the sender. In this case the sender was
https://etherscan.io/address/0xaf773cb251d81178a611ba74e279bbaddce560c2...the Stox contract parent address.
Most of these tokens (9,449,932) were sent to the strategic partnership address. Directly following from this, there were multiple transactions out of that wallet to the following two addresses -
https://etherscan.io/address/0x8d90fb2c2ff3f7f3187d28c60b81b935dea7f258https://etherscan.io/address/0xc9e63038471d5f799b79dc2bb5b697a4135f4145These transactions happened in the same hour after 4 days of inactivity on the partnership address. So it’s probably safe to say they were part of the supposed to be vested funds.
Bonus - Moshe Hogeg's wallet, showing STOX tokens being dumped on Bancor -
https://etherscan.io/txs?a=0xF8462f886d7AabE4507Ad3776C9b2761F1eC1066
