Incident Overview
Vip Panda Community ($VPC) was rugpulled by the initial holder, resulting in a loss of 265,865 $USD.
$VPC, a token for the VPANDA project trading on the Binance Smart Chain, experienced a significant drain of funds from its PancakePool. The initial token holder carried out this action through multiple transactions, resulting in a loss of approximately 265,865 $USD. The drained funds were subsequently transferred to another EOA address, which was previously implicated in the VPANDA rugpull incident.
Scammer Address:
https://bscscan.com/address/0xA9f2c4d5…7eb5d6
Funds Holder Address:
https://bscscan.com/address/0x33D2a493…6eaF65
Example Liquidity Drain Transaction:
https://bscscan.com/tx/0xa48da7a6…ef19f6
Funds Transfer Transaction:
https://bscscan.com/tx/0x85d7b2fb…d84926
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 Vip Panda Community, these are the critical security checks that could have prevented this incident (June 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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