How much was lost in the BabyDAO hack?

The BabyDAO hack resulted in $8K in losses on July 06, 2022.

What attack technique was used in the BabyDAO exploit?

The BabyDAO 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.

BabyDAO Hack

TOTAL LOST $8K

Low Jul 06, 2022 Rugpull

Affected Chain 2022 Incident surface

Recovered - No recovery reported

All-Time Rank #1958 By amount stolen

Protocol Type Exit Scam/Rugpull Target category

Incident Overview

Quick Summary

The $BabyDAO token has been rugpulled by the token creator for $7.6k. Then funds where sent to another address from which they were laundered via Tornado.cash.

Details of the Exploit

The token creator deployed a BabyDAO contract, where 10T tokens were minted to his account (https://bscscan.com/tx/0x3af2f636…650e88).

After the token deployment, the scammer address created a pair on PancakeSwap of $10 WBNB and $100M BabyDAO (https://bscscan.com/tx/0x8ad196e5…8f183b).

After 14 days, 300 $BNB was sent to the deployer's address, of which 290 $BNB was used to increase the liquidity pool on PancakeSwap.

Transfer transactions to deployer's address: https://bscscan.com/tx/0x166c1ced…231429

Adding liquidity to PancakeSwap: https://bscscan.com/tx/0x67e83954…ccec3c

When the price of the token went up, the deployer removed liquidity and took a profit of 32.25 $WBNB. All the funds were transferred to another address where funds were laundered via Tornado.cash.

Transferring funds to address from which funds were laundered via Tornado.cash: https://bscscan.com/tx/0x40a34d6f…a31ea3

As the time of this writing information on this case is scarce. More sources will be added if the case should develop.

Block Data Reference

Creator address: https://bscscan.com/address/0xe153c4b6…29c78a

The address to which the tokens were sent for laundering via Tornado.cash: https://bscscan.com/address/0xd759da59…eb7f0a

Token address: https://bscscan.com/address/0xf2d5d38f…6b0f5f

Incident Report

Protocol / Project BabyDAO

Date of Incident July 06, 2022

Attack Technique Rugpull

Classification Other

Primary Source View Post-Mortem

Protocol Information

Protocol Type Exit Scam/Rugpull

Affected Token BabyDAO

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 BabyDAO's contract logic - root cause: other

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 BabyDAO, these are the critical security checks that could have prevented this incident (July 2022).

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://dexscreener.com/bsc/0xf2d5d38fa88f9e2be0830351275d0724f96b0f5f

Threat Assessment

Severity Level

LOW

Attack Vector Rugpull
Root Cause Other
Year 2022

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