How much was lost in the loveloverocket hack?

The loveloverocket hack resulted in $23K in losses on October 31, 2023.

What attack technique was used in the loveloverocket exploit?

The loveloverocket 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.

loveloverocket Hack

TOTAL LOST $23K

Low Oct 31, 2023 Rugpull

Affected Chain 2023 Incident surface

Recovered - No recovery reported

All-Time Rank #1870 By amount stolen

Protocol Type Exit Scam/Rugpull Target category

Incident Overview

Quick Summary

LoveRCKT token was experienced a rugpull exit scam with 193.45 WETH worth of liquidity removed from UniSwap pool by the deployer.

Details of the Exploit

LoveRCKT is an ERC20 token trading on UniSwap. The deployer of the token conducted a rugpull exit scam by removing liquidity from the LP pool in two transactions between Aug 15, 2023, and Oct 31, 2023. The deployer initially added liquidity worth 400 WETH to the UniSwap pool when the token contract was created.

Total loss were approximately 23,439 USD.The stolen funds were transferred to another EOA and then distributed between multiple addresses.

Block Data Reference

Deployer Address:

https://etherscan.io/address/0x96c0876F…B13DE8

Scammers Addresses

https://etherscan.io/address/0x8183c8ac…4d1353

https://etherscan.io/address/0x1f4cd0da…4cf733

Funds Holders as Nov of 3, 2023

https://etherscan.io/address/0x26cb90cb…eb3b8e

https://etherscan.io/address/0xACCf72F6…c57A74

https://etherscan.io/address/0xA66e0ed8…b7d868

Liquidity Removal Transaction:

https://etherscan.io/tx/0x497c91ed…7194b3

Incident Report

Protocol / Project loveloverocket

Date of Incident October 31, 2023

Attack Technique Rugpull

Classification Token

Primary Source View Post-Mortem

Protocol Information

Protocol Type Exit Scam/Rugpull

Affected Token LoveRCKT

Protocol Twitter/X @loveloverocket

Team Anonymous

Source Code Verified On-Chain

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 loveloverocket'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 loveloverocket, these are the critical security checks that could have prevented this incident (October 2023).

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://twitter.com/PeckShieldAlert/status/1719374572921970950

Threat Assessment

Severity Level

LOW

Attack Vector Rugpull
Root Cause Token
Year 2023

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