How much was lost in the NWT Token hack?

The NWT Token hack resulted in $191K in losses on October 22, 2022.

What attack technique was used in the NWT Token exploit?

The NWT Token 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.

NWT Token Hack

TOTAL LOST $191K

Low Oct 22, 2022 Rugpull

Affected Chain 2022 Incident surface

Recovered - No recovery reported

All-Time Rank #1315 By amount stolen

Protocol Type Exit Scam/Rugpull Target category

Incident Overview

Quick Summary

NWT Token was rugpulled for 191,468 $USD. The token deployer drained liquidity by small transactions over time.

Details of the Exploit

NWT token is BEP20 token trading on PancakeSwap. The token deployer started draining liquidity from the pool in the last 30 days. The total scammed amount reached 191,468 $USD.

Part of the assets was transferred to an EOA address.

Block Data Reference

Scammer address:

https://bscscan.com/address/0x610befad…37a0d4

Transfer transaction:

https://bscscan.com/tx/0xcda5eec5…209f7e

Incident Report

Protocol / Project NWT Token

Date of Incident October 22, 2022

Attack Technique Rugpull

Classification Token

Primary Source View Post-Mortem

Protocol Information

Protocol Type Exit Scam/Rugpull

Affected Token NWT

Official Website rwttoken.com

Protocol Twitter/X @rwt_token

Team Anonymous

Source Code Verified On-Chain

Market Context at Time of Hack

Token Categories

Solana Ecosystem

Protocol Links

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 NWT Token'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 NWT Token, these are the critical security checks that could have prevented this incident (October 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://twitter.com/CertiKAlert/status/1585154861129146368

Threat Assessment

Severity Level

LOW

Attack Vector Rugpull
Root Cause Token
Year 2022

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