How much was lost in the LV Metaverse hack?

The LV Metaverse hack resulted in $51K in losses on June 28, 2022.

What attack technique was used in the LV Metaverse exploit?

The LV Metaverse 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.

LV Metaverse Hack

TOTAL LOST $51K

Low Jun 28, 2022 Rugpull

Affected Chain 2022 Incident surface

Recovered - No recovery reported

All-Time Rank #1718 By amount stolen

Protocol Type Exit Scam/Rugpull Target category

Incident Overview

Quick Summary

The LVP token has been rugpulled for a second time as scammers make use of remaining liquidity in the project. The scammers managed to sell $LVP for ~$50k.

Details of the Exploit

The scammer address (A) sent ~96.534t $LVP tokens to scammer address (B) in the following two transactions:

https://bscscan.com/tx/0xf5e95a1e074c2e005bc322dacbafa13ba96f0f9a1a1e8019bbeebfa5506fa1c https://bscscan.com/tx/0x6bd27154…5cf831

Then scammer address (B) started dumping the token price by exchanging $LVP through PancakeSwap.

ExampleTransactions:

https://bscscan.com/tx/0x0217ddf8…cb4e9e https://bscscan.com/tx/0x3b39c03c…719d81

https://bscscan.com/tx/0x3d891b3d…69d412

The funds were transferred to a new address where they are currently located, at the time of writing.

https://bscscan.com/tx/0xb9d61ff2…f43967

As the time of this writing information on this case is scarce. More sources will be added if the case should develop.

Block Data Reference

Scammer address A: https://bscscan.com/address/0x190d744b…c1001e

Scammer address B: https://bscscan.com/address/0xff869ecd…6e39e6

Scammer address C: https://bscscan.com/address/0x1f47353f…5873fe#tokentxns

Incident Report

Protocol / Project LV Metaverse

Date of Incident June 28, 2022

Attack Technique Rugpull

Classification NFT,Exchange (DEX)

Primary Source View Post-Mortem

Protocol Information

Protocol Type Exit Scam/Rugpull

Affected Token LVP

Official Website aipool.tech

Protocol Twitter/X @LV__Metaverse

Team Anonymous

Source Code Verified On-Chain

Market Context at Time of Hack

Token Categories

AI & Big Data Solana Ecosystem AI Agents Pump Fun Ecosystem

Protocol Links

Discord

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 LV Metaverse's contract logic - root cause: nft,exchange (dex)

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 LV Metaverse, these are the critical security checks that could have prevented this incident (June 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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Sources & References

01
Source 1 https://dexscreener.com/bsc/0x89bd57276b68c361ad3928dab08381b3e7ea02f4

Threat Assessment

Severity Level

LOW

Attack Vector Rugpull
Root Cause NFT,Exchange (DEX)
Year 2022

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