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‘AI-based’ dApp Harvest Keeper drains millions in users’ funds

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'AI-based' dApp Harvest Keeper drains millions in users' funds

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  • Recent reports suggest that AI-powered dApp Harvest Keeper is a rug pull scam.
  • Several crypto security firms, including CertiK, claimed that the project has stolen nearly $1 million.

According to recent reports, the “AI-based” dApp Harvest Keeper is a rug pull scam.

On 19 March, CertiK, a crypto security firm, reported that a privileged getAmount function drained the Paris-based Harvest Keeper smart contract. It was also discovered that users’ assets were stolen through ice phishing transactions on Binance Smart Chain [BSC], Ethereum [ETH], and Polygon [MATIC].

Several crypto security firms, including CertiK, claimed that the project has stolen nearly $1 million. Individuals have been advised not to interact with any of the project’s URLs.

The security division of De.Fi also requested that users revoke smart contract approvals as soon as possible.

There has been no evidence of the attacker’s identity so far. However, since the theft has taken place so recently, it is possible that the identity will be discovered later.

Ice phishing is a web3 attack that tricks users into manually signing and approving permissions. The rug pull is another such crypto scam.

Across the three aforementioned chains, $219k has been stolen in ice phishing transactions so far.

Taking advantage of enthusiasm around AI

Harvest Keeper claimed to use artificial intelligence (AI) in such a way that users could receive daily rewards of 4.81%, with the investment increasing to 101% in three weeks. The project promoted itself as a platform that could assist users in turbulent market conditions by utilizing AI.

Harvest Keeper also claimed that Contract Wolf tested its smart contract, confirming the complete safety of investments and the absence of technical flaws in the platform’s work.

To some extent, the enthusiasm around AI has taken over the crypto market, with many related projects experiencing rapid growth. Harvest Keeper appears to have taken advantage of this.

The crypto community is understandably enraged by the news. In any case, investors will have to put up a fight to get back their funds, which is a common theme running through the market as it experiences many negative incidents.

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Saman Waris works as a News Editor at AMBCrypto. She has always been fascinated by how the tides of finance and technology shape communities across demographics. Cryptocurrencies are of particular interest to Saman, with much of her writing centered around understanding how ideas like Momentum and Greater Fool theories apply to altcoins, specifically, memecoins. A graduate in history, Saman worked the sports beat before diving into crypto. Prior to joining AMBCrypto 2 years ago, Saman was a News Editor at Sportskeeda. This was preceded by her stint as Editor-in-Chief at EssentiallySports.
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