Incident Overview
PIKE token was rugpulled by deployer, removing liquidity worth 55,233 USD from UniSwap pool.
PIKE is an ERC20 token trading on UniSwap. On Dec 29, 2023, the deployer performed an exit scam by removing liquidity from the LP pool. The stolen funds, amounting to 55,233 USD, are still remain scammers address as of Dec 29,2023.
The total funds lost in this exit scam are 23.5 ETH.
Deployer Address:
https://etherscan.io/address/0x0C4c3F76…96DF2f
Scammer Address:
https://etherscan.io/address/0x45aF15b2…d7a448
Liquidity Removal Transaction:
https://etherscan.io/tx/0x707b5227…a19dde
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 Pike Finance, these are the critical security checks that could have prevented this incident (December 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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