How much was lost in the STILTON MUSK hack?

The STILTON MUSK hack resulted in $232K in losses on March 08, 2023.

What attack technique was used in the STILTON MUSK exploit?

The STILTON MUSK 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.

STILTON MUSK Hack

TOTAL LOST $232K

Low Mar 08, 2023 Rugpull

Affected Chain 2023 Incident surface

Recovered - No recovery reported

All-Time Rank #1243 By amount stolen

Protocol Type Exit Scam/Rugpull Target category

Incident Overview

Quick Summary

STILTON token was rugpulled by deployer, stolen funds worth 231,904 USD from UniSwap pool.

Details of the Exploit

STILTON is an ERC20 token trading on UniSwap. The deployer initially sold a huge amount of tokens for 162.35 WETH on June 15, 2022. After some period of time, on Mar 8, 2023, the deployer removed the remaining liquidity of 17.45 WETH from the UniSwap pool in a single transaction, resulting in a total loss of 179.8 WETH, which is equivalent to approximately 231,904 USD.

Block Data Reference

Deployer Address:

https://etherscan.io/address/0x96759b16…01b654

Liquidity Removal Transaction:

https://etherscan.io/tx/0x315cdf0a…ee50d4

Huge Sell Transaction:

https://etherscan.io/tx/0x64a2a79f…85d21e

Incident Report

Protocol / Project STILTON MUSK

Date of Incident March 08, 2023

Attack Technique Rugpull

Classification Token

Protocol Information

Protocol Type Exit Scam/Rugpull

Affected Token STILTON

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 STILTON MUSK'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 STILTON MUSK, these are the critical security checks that could have prevented this incident (March 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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Threat Assessment

Severity Level

LOW

Attack Vector Rugpull
Root Cause Token
Year 2023

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