How much was lost in the BreedTech hack?

The BreedTech hack resulted in $9.4M in losses on May 29, 2022.

What attack technique was used in the BreedTech exploit?

The BreedTech 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.

BreedTech Hack

TOTAL LOST $9.4M

Medium May 29, 2022 Rugpull

Affected Chain 2022 Incident surface

Recovered - No recovery reported

All-Time Rank #318 By amount stolen

Protocol Type Exit Scam/Rugpull Target category

Incident Overview

Quick Summary

The BreedTech project was rugpulled by the contract owner, leading to a loss of approximately $9.4M.

Details of the Exploit

The contract owner of the BreedTech project executed a rugpull, causing the price to plummet from $11.62 to $0.0098. This drastic drop resulted in a loss of around $9.4M.

Block Data Reference

Contract address:

https://bscscan.com/address/0x60B10129…44512B

Owner's address:

https://bscscan.com/address/0x20bf1fa3…54b2bb

Incident Report

Protocol / Project BreedTech

Date of Incident May 29, 2022

Attack Technique Rugpull

Classification Other

Protocol Information

Protocol Type Exit Scam/Rugpull

Affected Token CN

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 BreedTech'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 BreedTech, these are the critical security checks that could have prevented this incident (May 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

MEDIUM

Attack Vector Rugpull
Root Cause Other
Year 2022

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