How much was lost in the Fake SCROLL hack?

The Fake SCROLL hack resulted in $290K in losses on May 28, 2024.

What attack technique was used in the Fake SCROLL exploit?

The Fake SCROLL 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.

Fake SCROLL Hack

TOTAL LOST $290K

Low May 28, 2024 Rugpull

Affected Chain 2024 Incident surface

Recovered - No recovery reported

All-Time Rank #1159 By amount stolen

Protocol Type Exit Scam/Rugpull Target category

Incident Overview

Quick Summary

May-28-2024 fake SCROLL Token was rugged with a loss of about 290k USD

Details of the Exploit

On May 28th, 2024, a fake SCROLL Token was rugged via the backdoor ability of infinite minting on sale tx. Minted an extremely large amount of tokens and swapped for 76 ETH on Uniswap V2 dex on the Ethereum network. After that Ether was mixed by a Tornado mixer.

Block Data Reference

Scammer:

https://etherscan.io/address/0x55db954f…a32cdd

RugPull tx:

https://etherscan.io/tx/0x661505c3…14fe91

Incident Report

Protocol / Project Fake SCROLL

Date of Incident May 28, 2024

Attack Technique Rugpull

Classification Token

Primary Source View Post-Mortem

Protocol Information

Protocol Type Exit Scam/Rugpull

Affected Token SCROLL

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 Fake SCROLL'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 Fake SCROLL, these are the critical security checks that could have prevented this incident (May 2024).

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://www.dextools.io/app/en/ether/pair-explorer/0xa718aa1b3f6…

Threat Assessment

Severity Level

LOW

Attack Vector Rugpull
Root Cause Token
Year 2024

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