GoodDollar Hack

TOTAL LOST $2.0M
Medium Reentrancy ethereum
Affected Chain ethereum Incident surface
Recovered - No recovery reported
All-Time Rank #752 By amount stolen
Auditors 1 Prior security audit

Incident Overview

GoodDollar (G$) is a cryptocurrency . GoodDollar has a current supply of 0. The last known price of GoodDollar is 0.00011772 USD and is up 0.70 over the last 24 hours.

It is currently trading on 17 active market(s) with $2,039.19 traded over the last 24 hours. More information can be found at https://www.gooddollar.org/.

Incident Report

Protocol / Project GoodDollar
Date of Incident
Affected Chain(s) ethereum
Attack Technique Reentrancy
Classification Reentrancy

Protocol Information

Protocol Type Yield
Smart Contract Language Solidity
Official Website www.gooddollar.org/
Protocol Twitter/X @gooddollarorg

Market Context at Time of Hack

Token Categories
Ethereum Ecosystem Celo Ecosystem

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 reentrancy and Solidity and EVM internals
Capital Required Seed capital to cover gas and initial position setup
On-Chain Access Ability to interact with ethereum smart contracts and deploy a custom exploit contract
Protocol Analysis Identification of the exploitable vulnerability in GoodDollar's contract logic - root cause: reentrancy
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? Yes: skilled auditors routinely flag Reentrancy vulnerabilities in code review
Audited by Audit Report 1, still lost $2.0M. Prior audits don't guarantee safety, especially after post-audit code changes.

If you're auditing a protocol with similar architecture to GoodDollar, these are the critical security checks that could have prevented this incident (December 2023).

  • Verify all logic paths related to Reentrancy are guarded by proper access controls and input validation - see the Reentrancy attack class for patterns
  • Check that all state-changing functions follow the Checks-Effects-Interactions (CEI) pattern to prevent reentrancy and logic ordering bugs
  • 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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Security Audit History

Related Attack Classes

The technique used in this hack maps to these vulnerability classes in our security curriculum:

See all Reentrancy examples →

Learn to Prevent the Next GoodDollar

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