How much was lost in the Pervasive Information Community Organization hack?

The Pervasive Information Community Organization hack resulted in $112K in losses on April 07, 2023.

What attack technique was used in the Pervasive Information Community Organization exploit?

The Pervasive Information Community Organization 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.

Pervasive Information Community Organization Hack

TOTAL LOST $112K

Low Apr 07, 2023 Rugpull

Affected Chain 2023 Incident surface

Recovered - No recovery reported

All-Time Rank #1488 By amount stolen

Protocol Type Exit Scam/Rugpull Target category

Incident Overview

Quick Summary

On the 7th of April PICO on the BSC chain was rugged for approx 112k USD.

Details of the Exploit

The PICO protocol fell victim to a liquidity removal scam by the team responsible for managing liquidity. The contract deployer removed a significant amount of LP and dumped the token, causing it to fall by about 90% from its initial price.

Block Data Reference

Scammer:

https://bscscan.com/address/0xe29addad…239ec7

Liquidity removal:

https://bscscan.com/tx/0x9650dbde…280a8e

Incident Report

Protocol / Project Pervasive Information Community Organization

Date of Incident April 07, 2023

Attack Technique Rugpull

Classification Token

Primary Source View Post-Mortem

Protocol Information

Protocol Type Exit Scam/Rugpull

Affected Token PICO

Team Anonymous

Source Code Unverified

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 Pervasive Information Community Organization'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 Pervasive Information Community Organization, these are the critical security checks that could have prevented this incident (April 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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Sources & References

01
Source 1 https://twitter.com/certikalert/status/1644394005210202119?s=46&…

Threat Assessment

Severity Level

LOW

Attack Vector Rugpull
Root Cause Token
Year 2023

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