How much was lost in the NFTflow hack?

The NFTflow hack resulted in $216K in losses on March 14, 2022.

What attack technique was used in the NFTflow exploit?

The NFTflow 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.

NFTflow Hack

TOTAL LOST $216K

Low Mar 14, 2022 Rugpull

Affected Chain 2022 Incident surface

Recovered - No recovery reported

All-Time Rank #1265 By amount stolen

Protocol Type Exit Scam/Rugpull Target category

Incident Overview

The project was holding NFT presale event.

The contract deployer withdrew all deposited ETH at:

https://etherscan.io/address/0x5cad06e1…059616#internaltx

Incident Report

Protocol / Project NFTflow

Date of Incident March 14, 2022

Attack Technique Rugpull

Classification NFT

Primary Source View Post-Mortem

Protocol Information

Protocol Type Exit Scam/Rugpull

Affected Token NFTflow

Official Website nftflowmint.gw.to/

Protocol Twitter/X @NftflowStarkNet

Team Anonymous

Source Code Unverified

Market Context at Time of Hack

Token Categories

Platform Collectibles & NFTs Staking Coinbase Ventures Portfolio Coinfund Portfolio DCG Portfolio LedgerPrime Portfolio a16z Portfolio

Protocol Links

GitHub 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 NFTflow's contract logic - root cause: nft

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 NFTflow, these are the critical security checks that could have prevented this incident (March 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 Trial

Sources & References

01
Source 1 https://nftflowmint.gw.to/
02
Web Archive https://web.archive.org/web/20220314092608/https://nftflowmint.gw.to/

Threat Assessment

Severity Level

LOW

Attack Vector Rugpull
Root Cause NFT
Year 2022

Learn to Prevent the Next NFTflow

The NFTflow 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.

Start Free Trial Browse Attack Library