Incident Overview
The project was holding a fundraising event using a Proxy smart contract:
https://etherscan.io/txs?a=0x3f956072…8e990c&p=31
The contract deployer minted tokens and transferred them to the Proxy smart contract:
https://etherscan.io/tx/0xd29090c0…cbcef5
https://etherscan.io/tx/0xe7606055…7367f6
The initial liquidity was added through the Proxy smart contract using 721.78 ETH at:
https://etherscan.io/tx/0x9e49739d…2c3917
The rest of ETH, raised on the presale was distributed between different external addresses:
https://etherscan.io/tx/0x33db0e01…653339
https://etherscan.io/tx/0x65dbf80b…62b2f7
https://etherscan.io/tx/0x98fdb11f…cd2bfc
Incident Report
Protocol Information
Market Context at Time of Hack
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 Hype Bet Finance, these are the critical security checks that could have prevented this incident (November 2020).
- 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.
Free TrialSources & References
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Source 1 https://hype-finance.com/
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Learn to Prevent the Next Hype Bet Finance
The Hype Bet Finance hack is one of many attacks that skilled auditors are trained to detect before deployment. Master real exploit patterns and defense techniques with hands-on Web3 security training.