Incident Overview
The LV Plus token of the LV Metaverse project was rugpulled in the amount of $1.5M. The addresses that received the tokens then started exchanging them on PancakeSwap.
The wallet that caused the token dump received the tokens through the contract depositor:
https://bscscan.com/tx/0xb2fca71b…64c307
Some of the tokens were subsequently sent to these addresses:
1) https://bscscan.com/address/0x1e156e7b…4fa6a6
Transaction 1: https://bscscan.com/tx/0x9494749d…32ac23
Transaction 2: https://bscscan.com/tx/0xca877351…36e8e0
2) https://bscscan.com/address/0x9174297d…4b932b
Transaction: https://bscscan.com/tx/0x2f58f02d…b1efd0
3) https://bscscan.com/address/0x9730bc19…0f1f03
4) https://bscscan.com/address/0x4d115818…b0b4e0
5) https://bscscan.com/address/0x2c48ba8e…10d1da
Then they started dumping token price (transactions example):
1) https://bscscan.com/tx/0xc3b7e155…59a805
2) https://bscscan.com/tx/0x35efcc3e…9a64f3
3) https://bscscan.com/tx/0x3c28da5f…37cbb1
4) https://bscscan.com/tx/0xf6855384…a89d48
5) https://bscscan.com/tx/0xb2fca71b…64c307
Token address: https://bscscan.com/address/0x5927b724…9063fc
Deployer address: https://bscscan.com/address/0x77210347…a3b167
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 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.
Free TrialSources & References
-
01
Source 1 https://twitter.com/LV__Metaverse
Learn to Prevent the Next LV Metaverse
The LV Metaverse 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.