Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.
This weekend, the biggest rug pull in Avalanche history shocked the network and its users. SDOG is the first meme coin launched on Avalanche, with a price of up to 10 million U.S. dollars, and the team admitted that they "smashed it up." On the other hand, however, what they called a "game theory experiment" went wrong. Snowdog DAO is the protocol behind the SDOG token, and as of press time, its value has lost more than 90%. This is a complex plan that involves insiders using a "key" in a smart contract that only they can access. Attack method (per SlowMist): Rug Pull. Reported loss: $ 30,000,000.
- chain
- avalanche
- protocol
- Snowdog DAO
- bug_class
- rug
- date_occurred
- 2021-11-28
- loss_usd
- $30,000,000
- source_id
- sm:snowdog-dao::2021-11-28