SudoRare Incident Analysis

SudoRare, a purported NFT AMM, executed an exit scam within 24 hours of a contract upgrade that introduced a backdoor; the operator drained 1,153,216 LOOKS (~$314k), 6.014 XMON (~$210k) and 200 WETH (~$320k) (total ≈ $852k) and split proceeds into three EOAs. The report outlines the on-chain funding, attack flow (malicious upgrade, token transfers, token swaps and WETH unwrap), profit tracing, and warns about laundering risks and the dangers of anonymous project teams.