Incident Overview
ROT token project rugpulled by the deployer for 116,150 $USD after blacklisting the other token holders.
ROT is a BEP20 token trading on PancakeSwap, which cannot be confused with other projects carrying similar symbols or names. An investigation revealed that its liquidity pool was drained after a malicious action in which the token deployer used privilege over contracts to modify functions like transferFrom(). The tokens' contract was rigged to blacklist holders and prevent them from selling their ROT. Consequently, several buyers could not sell their holdings as they have been blacklisted already at this point.
The attacker then removed all available LP funds worth 116,150$ USD over two transactions spread across three days.
Scammer Address:
https://bscscan.com/address/0xb909a7e2…5430d1
Malicious Transactions:
https://bscscan.com/tx/0xd78db6f4…ee07c6
https://bscscan.com/tx/0xb32c4606…52f091
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 ROT Token, these are the critical security checks that could have prevented this incident (February 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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