How much was lost in the BitLord hack?

The BitLord hack resulted in $566K in losses on August 05, 2023.

What attack technique was used in the BitLord exploit?

The BitLord 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.

BitLord Hack

TOTAL LOST $566K

Low Aug 05, 2023 Rugpull

Affected Chain 2023 Incident surface

Recovered - No recovery reported

All-Time Rank #975 By amount stolen

Protocol Type CEX Target category

Incident Overview

Quick Summary

Bitlord token was rugpulled by the deployer, removing liquidity worth 566,201 $USD from the UniSwap pool.

Details of the Exploit

Bitlord is an ERC20 token trading on UniSwap. On August 5, the deployer executed a rugpull by removing liquidity worth 308.99 $ETH from the LP pool. The stolen funds were subsequently swapped to WETH and transferred to another EOA address.

The total loss in this exit scam amounts to 566,201 $USD.

Block Data Reference

Deployer Address:

https://etherscan.io/address/0x870C07aD…292D90

Funds Holder:

https://etherscan.io/address/0x837fbff1…18f124

Liquidity Removal Transaction:

https://etherscan.io/tx/0x78db4a91…ba7d07

Incident Report

Protocol / Project BitLord

Date of Incident August 05, 2023

Attack Technique Rugpull

Classification Token

Primary Source View Post-Mortem

Protocol Information

Protocol Type CEX

Affected Token BITLORD

Official Website www.bitlo.com/

Protocol Twitter/X @bitlocom

Team Anonymous

Source Code Verified On-Chain

Market Context at Time of Hack

Token Categories

Entertainment Polygon Ecosystem

Protocol Links

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 BitLord'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 BitLord, 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.

Free Trial

Sources & References

01
Source 1 https://twitter.com/DeDotFiSecurity/status/1687924929298055168

Threat Assessment

Severity Level

LOW

Attack Vector Rugpull
Root Cause Token
Year 2023

Learn to Prevent the Next BitLord

The BitLord hack is one of many attacks that skilled auditors are trained to detect before deployment. Master real exploit patterns and defense techniques with hands-on Web3 security training.

Start Free Trial Browse Attack Library