Incident Overview
PeopleCoin (MEN) is a cryptocurrency . Users are able to generate MEN through the process of mining. PeopleCoin has a current supply of 750,231,505.0331 with 0 in circulation.
The last known price of PeopleCoin is 0.0000865 USD and is up 0.00 over the last 24 hours. More information can be found at https://www.peoplecoin.pw/.
Incident Report
Protocol Information
Market Context at Time of Hack
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 PeopleDAO, these are the critical security checks that could have prevented this incident (March 2023).
- Verify all logic paths related to Social Engineering are guarded by proper access controls and input validation - see the Phishing Attacks attack class for patterns
- 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 TrialRelated Attack Classes
The technique used in this hack maps to these vulnerability classes in our security curriculum:
Sources & References
Learn to Prevent the Next PeopleDAO
The PeopleDAO 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.