Incident Overview
Ocean Ventures was rugpulled for 588,000 $USD. Multiple deployer-related EOA addresses drained the pool.
Ocean Ventures is a Gaming Metaverse running on the Binance chain. The $OVG is a project token. The attacker received over 2,910,000 $OVG tokens from the token deployer indirectly.
Consequently, distributed the tokens multiple times between 50 EOA addresses with a Distribution contract. EOA addresses then drained the pool for roughly 588,000 $USD in total.
Attacker address:
https://bscscan.com/address/0xe7e050e4…58f6d6
Deployer address:
https://bscscan.com/address/0xb41e821f…578e2a
Distribution transaction:
https://bscscan.com/tx/0xbe74c716…e6a839
Drain transaction example:
https://bscscan.com/tx/0x423b1b9e…57f025
Incident Report
Protocol Information
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 Ocean Venture, these are the critical security checks that could have prevented this incident (March 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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