Ore Hack

TOTAL LOST $243K
Low Rugpull

Summarize with AI

ChatGPT Perplexity Claude Grok
Affected Chain 2024 Incident surface
Recovered - No recovery reported
All-Time Rank #1227 By amount stolen
Protocol Type RWA Target category

Incident Overview

Quick Summary

ORE token rugpulled by deployer, removing liquidity worth 243,489 USD and creating potential rugpull token CHAT.

Details of the Exploit

ORE is an ERC20 token trading on UniSwap. On Feb 26, 2024, the deployer removed 80.03 WETH worth approximately 243,489 USD from the liquidity pool. Stolen funds were distributed between multiple addresses using Disperse.app.

A smaller portion of the stolen funds was transferred to another scammer's address, which created a new token named CHAT and deposited it into the liquidity pool, it appears potentially preparing for another rugpull.

Block Data Reference

Deployer Address:

https://etherscan.io/address/0xAD13D88d…C25b5C

Scammer's Address:

https://etherscan.io/address/0x3c714dcc…575c56

Liquidity Removal Transaction:

https://etherscan.io/tx/0xb8f05ade…b184ec

Disperse.app Distribute Transaction:

https://etherscan.io/tx/0xdc860e7e…17e6c2

CHAT Token Address:

https://etherscan.io/token/0x068e8C05…eA0c46

Incident Report

Protocol / Project Ore
Date of Incident
Attack Technique Rugpull
Classification Token
Primary Source View Post-Mortem

Protocol Information

Protocol Type RWA
Affected Token ORE
Official Website app.onre.finance/earn/leaderboard?ref=F…
Protocol Twitter/X @onrefinance
Team Anonymous
Source Code Verified On-Chain

Market Context at Time of Hack

Token Categories
Solana Ecosystem
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 Ore'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 Ore, these are the critical security checks that could have prevented this incident (February 2024).

  • 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

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