Incident Overview
OFN token project experienced a rugpull exit scam, resulting in a loss of 58,644 USD worth 278.40 WBNB on Oct 19, 2023.
OFN is a BEP20 token trading on PancakeSwap. The deployer and scammer addresses had previously sent funds from Binance to themselves. The deployer then renounced ownership of the token contract, possibly to facilitate the later hack.
The scammer mint 1.Q OFN tokens and sell them. The stolen funds, amounting to 58,644 USD worth 278.40 WBNB, were transferred to another EOA and then distributed between multiple addresses.
Deployer Address:
https://bscscan.com/address/0x975bf151…8a463C
Scammer Addresses:
https://bscscan.com/address/0x76fA0caE…d841C5
https://bscscan.com/address/0xFcCe0c3B…8FD2d4
https://bscscan.com/address/0x17F06EC1…a47831
Draining Transaction:
https://bscscan.com/tx/0x310ef4d1…91db07
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 Openfabric AI, these are the critical security checks that could have prevented this incident (October 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
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