How much was lost in the Aspiring Cooperation Community hack?

The Aspiring Cooperation Community hack resulted in $173K in losses on August 23, 2023.

What attack technique was used in the Aspiring Cooperation Community exploit?

The Aspiring Cooperation Community exploit utilized Rugpull. Understanding this attack vector is critical for smart contract auditors and developers building secure DeFi protocols.

How can developers prevent similar smart contract attacks?

Preventing smart contract hacks requires a combination of secure coding practices, thorough security audits, and understanding common attack vectors like reentrancy, oracle manipulation, and access control flaws. Smart Contract Hacking (SCH) provides hands-on training to help developers and auditors identify and prevent vulnerabilities before deployment.

Aspiring Cooperation Community Hack

TOTAL LOST $173K

Low Aug 23, 2023 Rugpull

Affected Chain 2023 Incident surface

Recovered - No recovery reported

All-Time Rank #1347 By amount stolen

Protocol Type Exit Scam/Rugpull Target category

Incident Overview

Quick Summary

ACC token rugpulled by the scammer, removing liquidity worth 173,462 USDT from PancakeSwap pool on Aug 23, 2023.

Details of the Exploit

Aspiring Cooperation Community (ACC) is a BEP20 token trading on PancakeSwap. The scammer received tokens from the initial token holder and then removed liquidity from the LP pool on Aug 23, 2023. Previously, the scammer had added liquidity for 50,816 USDT on March 30.

After the rugpull, the stolen funds were transferred to another EOA and then distributed between multiple addresses.

Block Data Reference

Deployer Address:

https://bscscan.com/address/0xBcA8ec8D…E04Cc5

Initial Token Holder Address:

https://bscscan.com/address/0x297717c1…91f1da

Scammer Address:

https://bscscan.com/address/0x3557EF18…205bE0

Liquidity Adding Transaction:

https://bscscan.com/tx/0x129d77c9…b6a2d7

Liquidity Removal Transaction:

https://bscscan.com/tx/0x23686c0f…7e4499

Incident Report

Protocol / Project Aspiring Cooperation Community

Date of Incident August 23, 2023

Attack Technique Rugpull

Classification Token

Primary Source View Post-Mortem

Protocol Information

Protocol Type Exit Scam/Rugpull

Affected Token ACC

Team Anonymous

Source Code Verified On-Chain

What the Attacker Needed to Succeed

Understanding the prerequisites for this type of attack helps auditors identify protocols that are most at risk and helps developers build better defenses.

Technical Knowledge Deep understanding of rugpull and Solidity and EVM internals

Capital Required Seed capital to cover gas and initial position setup

On-Chain Access Ability to interact with smart contracts and deploy a custom exploit contract

Protocol Analysis Identification of the exploitable vulnerability in Aspiring Cooperation Community's contract logic - root cause: token

Execution Speed Precise transaction ordering and timing to exploit the vulnerability within a single atomic block

Obfuscation Plan A strategy to launder and move stolen funds - typically through mixers, cross-chain bridges, or decentralized DEX swaps to resist tracing

What Auditors Should Check

Could this have been caught in audit? Hard to catch — private key / OpSec failures are outside smart contract audit scope

If you're auditing a protocol with similar architecture to Aspiring Cooperation Community, these are the critical security checks that could have prevented this incident (August 2023).

Verify all logic paths related to Rugpull are guarded by proper access controls and input validation
Review privileged functions (owner, admin, governance) for potential abuse vectors - centralization risks should be documented and bounded with timelocks or multi-sigs

Master these auditing techniques with hands-on labs and real exploit scenarios in the Smart Contract Hacking course.

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Sources & References

01
Source 1 https://twitter.com/CertiKAlert/status/1694290119337849303?s=20

Threat Assessment

Severity Level

LOW

Attack Vector Rugpull
Root Cause Token
Year 2023

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