SlowMist Flags Suspicious JUMPFUN Activity

 
Ritu Lavania
Written By 
Ritu Lavania
November 28, 2024

 SlowMist Zone has  called out suspicious activities in the JUMPFUN project. The blockchain security platform has identified several discrepancies after analyzing the project’s contracts and transaction records.

JUMPFUN’s Smart Contracts Changes Raise Eyebrows: SlowMist

SlowMist noted that the JUMPBonusPool contract was originally designed with two core mechanisms i.e, Bonus Pool Mechanism and Time Extension Mechanism. The Bonus Pool allows the last five s to participate in donations and would equally split the accumulated ETH bonus. On the other hand, Time Extension Mechanism allows extension of game time by 30 seconds each time a makes a donation.

SlowMist shared, “Yesterday, the project team used the owner permissions to modify the JUMPTreasury contract’s designated JUMPBonusPool contract twice through the setEmergencyBonusPool function. The relevant transactions are as follows:

-https://etherscan.io/tx/0xedb2da9ccdd7780e981421e27de9e7d373b35c119c6a3d965de73f2122a48d8e…

-https://etherscan.io/tx/0x6c16c3b6d3798b835061655c16aadd41fe7c3614903ac04b9008721a6e014dd4…”

The blockchain security firm found that this modification prevents s from taking part in the competition for the accumulated bonus in the original JUMPBonusPool contract (https://etherscan.io/address/0x8f8eb567a9f875180eED690Dd231fd9619bb09A7#code…)
through normal donations. Note that the newly replaced JUMPBonusPool contract has not been open-sourced.

JUMPFUN’s modifications are “severely inconsistent” with the activity rules mentioned by the project team and thus are irregular. In the wake of these discrepancies, SlowMist has advised s to be vigilant of the risks and proceed with caution.

Note that, there has not been any comments from JUMPFUN team on these observations made by SlowMist, as of yet. Just yesterday, SlowMist had detected several inconsistencies in SUI network’s OceansGallerie. The security firm advised precautionary measures, when it found that the project had been removing liquidity and had somewhat centralized the token allocation.

Also Read: 1.67 Million EIGENS Theft Attributed to External Malicious Attacks: SlowMist

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Ritu Lavania
Written by Ritu Lavania

Ritu Lavania is a versatile Web3 content creator with over three years of experience in the crypto space. She is part of the team at CryptoNewsZ, where she writes insightful and engaging content. She has also contributed to TheCryptoTimes and The Coin Edition, where her work has been well received by the crypto community. Skilled in research, creative writing, SEO, and cross-functional collaboration, she creates content tailored to diverse audiences. ionate about education, she dedicates time to teaching kids and expressing herself through poetry. Always eager to learn, she continuously explores new trends in blockchain and digital assets. She believes in the power of storytelling to make complex crypto topics more accessible and engaging for readers worldwide.