Doodled Dragons Hack

TOTAL LOST $30K
Low Rugpull

Summarize with AI

Affected Chain 2022 Incident surface
Recovered - No recovery reported
All-Time Rank #1826 By amount stolen
Protocol Type Exit Scam/Rugpull Target category

Incident Overview

NFT project Doodled Dragons after their fundraising event stated that they will donate $30,000 to WWF. After a few minutes, the person in charge of Doodled Dragons stated that their charity will instead be their personal bank account and deleted their Twitter account:

https://web.archive.org/web/20220106161228/https://twitter.com/DoodledDragons_/status/1479123223543521282

Incident Report

Protocol / Project Doodled Dragons
Date of Incident
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 Doodled Dragons'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 Doodled Dragons, these are the critical security checks that could have prevented this incident (January 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

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Sources & References

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