How much was lost in the RAIDEN GOD Thunder hack?

The RAIDEN GOD Thunder hack resulted in $38K in losses on July 29, 2023.

What attack technique was used in the RAIDEN GOD Thunder exploit?

The RAIDEN GOD Thunder 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.

RAIDEN GOD Thunder Hack

TOTAL LOST $38K

Low Jul 29, 2023 Rugpull

Affected Chain 2023 Incident surface

Recovered - No recovery reported

All-Time Rank #1783 By amount stolen

Protocol Type Exit Scam/Rugpull Target category

Incident Overview

Quick Summary

RAIDEN GOD Thunder project was rugpulled by the deployer after removing liquidity from UniSwap pool. The total funds lost is 37,977 USD.

Details of the Exploit

RAIDEN GOD Thunder (RAIDEN) is an ERC20 token trading on UniSwapV3. The token experienced a significant liquidity removal event when its deployer added 35.35 ETH as liquidity to the UniSwapV3 pool and then removed it within a short period. The attacker was able to remove 55.82 ETH, and the profit of the scammer reached 20.44 ETH which equates to roughly 37,977 USD at current market rates.

Consequently, the scammer transferred stolen funds to another EOA address and then to TornadoCash.

Block Data Reference

Scammer Address:

https://etherscan.io/address/0xEBada7c9…247DD5

Deployer Address:

https://etherscan.io/address/0x4Dcf852C…d6DF0C

Liquidity Removal Transaction:

https://etherscan.io/tx/0x1f2759b0…a38b45

TornadoCash Transfer Transaction:

https://etherscan.io/tx/0xc1105a94…239f8a

Incident Report

Protocol / Project RAIDEN GOD Thunder

Date of Incident July 29, 2023

Attack Technique Rugpull

Classification Token

Primary Source View Post-Mortem

Protocol Information

Protocol Type Exit Scam/Rugpull

Affected Token RAIDEN

Team Anonymous

Source Code Verified On-Chain

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 RAIDEN GOD Thunder'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 RAIDEN GOD Thunder, these are the critical security checks that could have prevented this incident (July 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/cyversalerts/status/1685973037164703744?s=46

Threat Assessment

Severity Level

LOW

Attack Vector Rugpull
Root Cause Token
Year 2023

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