Sirinlabs | Shitcoin part 3

👁 Check some abnormal and unusual transactions

SirinLabs wallet tracking | Part 3

In the part 3, we will continue to check Sirin labs wallet in relationship with Bancor
I think maybe you are not surprised about the relationships between Moshe Hogeg, Bancor, Stox, IDC and Anyoption etc
Like the Part 1, in the part 3, we also check and verify these abnormal addresses from source Sirin labs- token sale's contract (Read part 1, 2 for more details)

Sirin token sale contract Info
(Wallet team info)

See screenshot above.
Wallet team’s address is 0x552f6face3887ec16b66aa8badf085f28713947d
This is the smart contract address. We continue to see it’s contract. Click readcontract

In "8,getowner" list:
Check this address 0xa79f1e8c75b8f041846240973b751548afcea8b7
There are a lot of interesting thing with this address. View these screenshots carefully

View more at album above

This address bought SRN via SirinLabs_RefundVault by Function: buyTokensWithGuarantee.
It means that after ICOs cycle, you can cancel your order and receive a refund for the cancelled one
Someone made another big purchase of SRN via normal term. It means that he/she send ETH and wait for getting SRN token in his/her wallet

On Dec 12,2017, he/she bought 5M SRN (about 10k ETH). On Jan 24, 2017, he/she got his SRN token in wallet
Jan 24, 2017, he/she got his SRN token
Then, he/she sent all SRN to Bancor exchange.
Check by yourself, or we will give you more details later

Tracking source ETH of this address’s
He got 10,000 ETH from 0x009BB5e9fCF28E5E601B7D0e9e821da6365d0a9c
Then, he/she sent all SRN to Bancor exchange.
Check by yourself, or we will give you more details later
This is a famous wallet address of Bancor exchange. And if you don’t remember or don’t sure, you can search google for details
Search: Bancor's hack story

Bancor & Sirin labs story ?

🔘 Sirin labs Crowdsale Contract Audit

SRN token is a SmartToken, implementing Bancor's SmartToken contract
Note that the token contract is built to fit into the Bancor smart contracts, and as such have the following functions defined: disableTransfers(...), issue(...) and destroy(). The token contract owner can use these functions to disable the transfer of tokens, mint new tokens and burn any account's tokens. These functions are implemented in LimitedTransferBancorSmartToken
(Source: Crowdsale Contract Audit, Details later)

🔘 About Bancor's hack story

Some articles quotes:
What Went Wrong?
There are many hints that the malicious behavior actually started a few days ago. On July 9th, at around 12AM (UTC), about 22,000 of EtherTokens were withdrawn from the BancorConverter smart contract by the 0x009bb5e9fcf28e5e601b7d0e9e821da6365d0a9c account. The tokens, in addition to other tokens which were retrieved in a similar way, were used for some buying and selling operations and were eventually “cashed out.”
First of all, it’s important to note that the 0x009bb5e9fcf28e5e601b7d0e9e821da6365d0a9c address was a designated “owner” of the BancorConverter smart contract (a widely used Solidity access restriction design pattern).
As part of Bancor’s safety hatch/backdoor (which was criticized by Udi Wertheimer here and followed Bancor’s response here), this address was granted special permission to withdraw any deposited funds:
This feature, alongside the ability to forcefully issue, burn, and transfer any Bancor Smart Tokens tokens, was introduced as a security countermeasure, but it definitely looks like it has backfired.

🔘 How should we understand these abnormal transactions??

I am a financial auditor. I am specially interested in following and tracking project via cash flow. I am not IT Engineer, programmer, coder or blockchain developer, so I can’t understand everything clearly. Please check it if you are IT or blockchain professionals.

A half truth! A part of the whole truth! All they know how to play with words!

Do you like this Sirin labs wallet tracking post?

Some documents are compiled from contributors;
As you know, a lot of people want to get information but they can’t and other people don’t want to spend much time tracking project. Although English is not my mother tongue, I always try my best to share information with all of you. I’m sorry for my terrible English.
Any information or content in this writing is not clear or makes misundestand, please feel free to comment or contact to me.

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Source:
https://medium.com/orbs-network/the-great-bancor-robbery-and-what-we-should-learn-from-it-185a
https://medium.com/orbs-network/the-great-bancor-robbery-and-what-we-should-learn-from-it-185a0a90afb4 
https://medium.com/formosa-financial/audit-of-the-bancor-hack-fa172ee28a98
https://t.me/SRNtrading

Nguyen
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Contributor
BTC:
368coS1ZgGuJiawQ8phw31UKWPTwDos8Do
ETH:
0x3b1f6708e157Ea164Da3D1e95Cda3266c8A0D6Bb
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This post is AMP version of old post (2018)

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Disclaimer:
This document is compiled from the official site, whitepages etc.. official social channel, and collaborator etc...
We make every effort to provide complete and accurate information. However, we do not guarantee accuracy, completeness, timeliness or correct sequencing of the information. This information is not to be regarded as investment advice, or legal proof, or evidence.
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