How much was lost in the DollarDoge hack?

The DollarDoge hack resulted in $194K in losses on February 21, 2022.

What attack technique was used in the DollarDoge exploit?

The DollarDoge 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.

DollarDoge Hack

TOTAL LOST $194K

Low Feb 21, 2022 Rugpull

Affected Chain 2022 Incident surface

Recovered - No recovery reported

All-Time Rank #1312 By amount stolen

Protocol Type Exit Scam/Rugpull Target category

Incident Overview

The contract deployer has minted and sold tokens:

https://bscscan.com/tx/0xcce6ee77…c2e1cf

Stolen funds were transferred to the external address:

https://bscscan.com/tx/0x8ede198c…071d3f

The recipient deposited funds into Tornado Cash mixer:

https://bscscan.com/address/0x0a014905…d13233

Incident Report

Protocol / Project DollarDoge

Date of Incident February 21, 2022

Attack Technique Rugpull

Classification Token

Primary Source View Post-Mortem

Protocol Information

Protocol Type Exit Scam/Rugpull

Affected Token DollarDoge

Official Website www.usdtdoge.finance/

Protocol Twitter/X @dollardogebsc

Team Anonymous

Source Code Unverified

Market Context at Time of Hack

Token Categories

Ethereum Ecosystem Avalanche Ecosystem Solana Ecosystem Polygon Ecosystem Arbitrum Ecosystem BNB Chain Ecosystem Sui Ecosystem Optimism 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 DollarDoge'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 DollarDoge, these are the critical security checks that could have prevented this incident (February 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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Sources & References

01
Source 1 https://twitter.com/PeckShieldAlert/status/1496395973882437633

Threat Assessment

Severity Level

LOW

Attack Vector Rugpull
Root Cause Token
Year 2022

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