How much was lost in the Bored Ape Europe Club hack?

The Bored Ape Europe Club hack resulted in $14K in losses on June 10, 2022.

What attack technique was used in the Bored Ape Europe Club exploit?

The Bored Ape Europe Club 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.

Bored Ape Europe Club Hack

TOTAL LOST $14K

Low Jun 10, 2022 Rugpull

Affected Chain 2022 Incident surface

Recovered - No recovery reported

All-Time Rank #1914 By amount stolen

Protocol Type Exit Scam/Rugpull Target category

Incident Overview

0xBAEC has been rugged for ~12ETH. The attacker deleted it's Twitter account (https://twitter.com/BoredApesEC).

Attacker wallet (ETH):

1) https://etherscan.io/address/0xF41cBA37…545B36

2) https://etherscan.io/address/0x6f495c3b…d74a48

Attacker wallet (BSC): https://bscscan.com/address/0x6f495C3B…D74a48

Stolen money are currently at this address: https://etherscan.io/address/0xd100957B…29E09C

Funds are also sent to this wallet: https://etherscan.io/address/0x6f495c3b…d74a48

Collection at the OpenSea: https://opensea.io/collection/0xbaecs

Incident Report

Protocol / Project Bored Ape Europe Club

Date of Incident June 10, 2022

Attack Technique Rugpull

Classification NFT

Protocol Information

Protocol Type Exit Scam/Rugpull

Team Anonymous

Source Code Unverified

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 Bored Ape Europe Club's contract logic - root cause: nft

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 Bored Ape Europe Club, these are the critical security checks that could have prevented this incident (June 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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Threat Assessment

Severity Level

LOW

Attack Vector Rugpull
Root Cause NFT
Year 2022

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