Found suspicious function in Coin Contract code

Question

I'm new to creating cryptos and doing all the programming of it.

Recently I came across a very suspicious token called BEAR that might be a Honeypot scam. Here's the function I don't understand and has been used only a few times in all the cryptos contracts codes:

contract BEAR is TokenERC20 {

  function clearCNDAO() public onlyOwner() {
    address payable _owner = msg.sender;
    _owner.transfer(address(this).balance);
  }

Here's the full source code (link)

I was able to track down multiple different coins using this function and all of them have a lot of signs of being a honeypot scam. Here's an example of that (link)

Could anyone confirm my suspicion or explain what the mentioned function does? Thanks in advance!

Answer 1

From a code perspective, the owner is simply able to transfer contract's balance to them at their whim.

But, token contracts which are legitimate generally don't implement ether transfers to owners atleast. Maybe because the contract can use the mint function and increase it's supply which can then permit the owner to swap those newly minted tokens on a DEX and then rug pull the users.

Had the ether transfer function did not exist, there would not be this case as the ether transfer would not happen at the owner's whim.