Crocoswap finance Hack

TOTAL LOST —
Other binance

Summarize with AI

ChatGPT Perplexity Claude Grok
Affected Chain binance Incident surface
Recovered - No recovery reported
Same Technique 415 Total incidents
Protocol Type Dexs Target category

Incident Overview

The project team switched to another MasterChef contract. The new contract revomed 12h timelock on emergency withdrawal. Liquidity was drained, the website is down.

Incident Report

Protocol / Project Crocoswap finance
Date of Incident
Affected Chain(s) binance
Attack Technique Other
Classification Exchange (DEX)
Primary Source View Post-Mortem

Protocol Information

Protocol Type Dexs
Affected Token CROCO
Official Website crocoswap.finance/
Protocol Twitter/X @Croco_Swap

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 other and Solidity and EVM internals
Capital Required Seed capital to cover gas and initial position setup
On-Chain Access Ability to interact with binance smart contracts and deploy a custom exploit contract
Protocol Analysis Identification of the exploitable vulnerability in Crocoswap finance's contract logic - root cause: exchange (dex)
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? Likely — with a thorough Other audit checklist and test coverage

If you're auditing a protocol with similar architecture to Crocoswap finance, these are the critical security checks that could have prevented this incident (March 2021).

  • Verify all logic paths related to Other 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

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Sources & References

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