SpiritSwap Hack

TOTAL LOST $18K
Low Phishing

Summarize with AI

Affected Chain 2022 Incident surface
Recovered - No recovery reported
All-Time Rank #1895 By amount stolen
Protocol Type Dexs Target category

Incident Overview

Hacker exploited SpiritSwap's domain and gain assets about 18,000 $USD

SpiritSwap is a DEX on the Fantom blockchain. The hacker exploited www.spiritswap.finance domain and replaced swap parameters, so swapped tokens were transfered to this address. Roughly 18,000 $USD was stolen this way.

0x81d3ec77438b4e99aa99ba25b1dbc3fea317fe3b0x81d3ec77438b4e99aa99ba25b1dbc3fea317fe3b

Incident Report

Protocol / Project SpiritSwap
Date of Incident
Attack Technique Phishing
Classification Exchange (DEX)

Protocol Information

Protocol Type Dexs
Affected Token SPIRIT
Official Website www.spiritswap.finance
Protocol Twitter/X @Spirit_Swap
Team Anonymous
Source Code Unverified

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 phishing 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 SpiritSwap's contract logic - root cause: exchange (dex)
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? Likely — with a thorough Phishing audit checklist and test coverage

If you're auditing a protocol with similar architecture to SpiritSwap, these are the critical security checks that could have prevented this incident (May 2022).

  • Verify all logic paths related to Phishing are guarded by proper access controls and input validation - see the Phishing Attacks attack class for patterns
  • 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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Related Attack Classes

The technique used in this hack maps to these vulnerability classes in our security curriculum:

See all Phishing Attacks examples →

Sources & References

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