Incident Overview
The ROBIN HOOD token recently experienced a rug pull incident, leading to a significant loss of approximately $313.6K USD in 164 Ethereum (WETH) tokens.
The project team behind the ROBIN HOOD token executed a rug pull by performing liquidity removal from the Uniswap V2 pool. As a result, they successfully withdrew and transferred a total of 164 WETH, equivalent to $313.6K USD, distributing the ill-gotten funds across four different wallets.
This sudden liquidity removal and token transfer event caught the community off guard, causing substantial financial losses to investors and holders of ROBIN HOOD token.
Contract Creator:
https://etherscan.io/address/0x31a28754…f39740
Liquidity Removal tx:
https://etherscan.io/tx/0xaba264e8…af9a79
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 ROBIN HOOD, 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
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