Incident Overview
Fair Token was rugpulled by the deployer-related address. 428,872 $USD was drained from the liquidity pool.
Fair is a BEP20 token trading on PancakeSwap. The token deployer sent 180,000,000 $Fair tokens to an EOA address. Which received additional 52,000,000 $Fair tokens from other addresses and drained the liquidity from the pool.
The scammer was able to siphon 428,872 $USD in total. All the stolen funds remain at the scammer's address at the moment.
Scammer addresses:
https://bscscan.com/address/0x224bc657…39be6c
https://bscscan.com/address/0x7972aba9…81b6d6
https://bscscan.com/address/0x79203eaf…4647a3
Token transfer transaction:
https://bscscan.com/tx/0x659eddc5…067f60
Incident Report
Protocol Information
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 Fair Token, these are the critical security checks that could have prevented this incident (November 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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