How much was lost in the SCAT hack?

The SCAT hack resulted in $26K in losses on November 10, 2022.

What attack technique was used in the SCAT exploit?

The SCAT 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.

SCAT Hack

TOTAL LOST $26K

Low Nov 10, 2022 Rugpull

Affected Chain 2022 Incident surface

Recovered - No recovery reported

All-Time Rank #1851 By amount stolen

Protocol Type Liquid Staking Target category

Incident Overview

Quick Summary

SCAT copycat project was rugpulled. An EOA address received $SCAT tokens from the token deployer and drained liquidity for 26,081 $USD .

Details of the Exploit

SCAT is a copycat BEP20 token and can't be confused with other tokens with the same name and symbol. The token was rugpulled by the EOA address which received 100,000,000,000 $SCAT tokens from the token deployer. 26,081 $USD was stolen from the PancakeSwap liquidity pool and transferred through TransitSwap.

Block Data Reference

Scammer addresses:

https://bscscan.com/address/0xc96d3505…43e8f6

https://bscscan.com/address/0xb0f6da67…70b4a4

Funds transfer transaction:

https://bscscan.com/tx/0x6e7888d9…da1af1

Token transfer transactions:

https://bscscan.com/tx/0x95ce806f…27bf4b

https://bscscan.com/tx/0x932f66e7…e2c68d

Incident Report

Protocol / Project SCAT

Date of Incident November 10, 2022

Attack Technique Rugpull

Classification Token

Primary Source View Post-Mortem

Protocol Information

Protocol Type Liquid Staking

Affected Token SCAT

Protocol Twitter/X @stakedCANTO

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 SCAT'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 SCAT, these are the critical security checks that could have prevented this incident (November 2022).

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/1590856313138839552

Threat Assessment

Severity Level

LOW

Attack Vector Rugpull
Root Cause Token
Year 2022

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