Incident Overview
A flash loan attack was made on the project, DAO_Officials. The hacker managed to get a profit of $581k.
The DAO_Officials is a project that aims to create an aggregated DAO community that will cover many areas.
The hacker who is marked on the BSC as (SpaceGodzilla Exploiter) committed a flash loan attack on the young DAO_Officials project. The attacker created a contract (https://bscscan.com/tx/0x439d77a2…abe2c1) in which the mock function was called, a script that executed a flash loan for a large amount in $USDT tokens:
https://bscscan.com/tx/0x414462f2…931f23
In the same transaction, the hacker exchanged $DAO for $USDT, then repeated this process in order to receive a reward from the contract (0xea41...34D0). Upon completion of the transaction, the flash loan was paid back and the profit had been exchanged for $USDT, which is currently stored at the hacker's address.
Involved addresses:
- Attacker address, (SpaceGodzilla Exploiter) :
https://bscscan.com/address/0x00a62eb0…e57e57
Attacker contracts:
- https://bscscan.com/address/0xb2d7d06b…f28bbb
Transaction:
https://bscscan.com/tx/0x414462f2…931f23
Incident Report
Protocol Information
Market Context at Time of Hack
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.
What Auditors Should Check
If you're auditing a protocol with similar architecture to DAO_Officials, these are the critical security checks that could have prevented this incident (September 2022).
- Verify all logic paths related to Flash Loan Attack are guarded by proper access controls and input validation - see the Flash Loans Attacks attack class for patterns
- 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 TrialRelated Attack Classes
The technique used in this hack maps to these vulnerability classes in our security curriculum:
Sources & References
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01
Source 1 https://twitter.com/dao_officials
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