Summary
SudoRare was an anonymous NFT automated market maker (AMM) protocol launched on August 23, 2022, presented as a fork of SudoSwap and LooksRare. Approximately six hours after launch, the anonymous development team executed a premeditated rugpull via a backdoored smart contract, draining approximately 519 ETH (valued at $815,000–$852,000) from user deposits before deleting all online presence. Blockchain security firms PeckShield and CertiK traced a funding wallet to Kraken, but no public arrests or legal proceedings have been reported.
Connected Entities
1 entitiesTimeline(9 events)
2022-08-21
Ethereum wallet 0x814d receives 0.596 ETH from Kraken (exchange), later linked to SudoRare deployer by PeckShield.
2022-08-23
SudoRare launches on sudorare.xyz, opening liquidity pools accepting wETH, LOOKS, and XMON token deposits.
2022-08-23
Community members on Crypto Twitter, including @2shabby and @0xStanec, publicly flag SudoRare as a likely scam citing team anonymity, inflated followers, and high yields.
2022-08-23
Approximately six hours after launch, the deployer calls a backdoored smart contract function to drain 1,153,216 LOOKS, 6.014 XMON, and 200 WETH from the protocol, affecting 241 depositors.
2022-08-23
Stolen assets are converted to ETH and distributed equally across three wallets: 0x75c3b2...3981, 0x0498d1...8074, and 0xbFb784...7EAa (~173 ETH each).
2022-08-23
SudoRare website (sudorare.xyz), Twitter account, and all social media channels are deleted.
2022-08-23
PeckShield publishes on-chain tracing showing the deployer's funding wallet (0x814d) was funded by Kraken, stating 'The actor behind SudoRare rugpull seems a @krakenfx user.'
2022-08-23
CertiK publishes incident analysis confirming the backdoored upgrade mechanism and detailing the full fund flow to three recipient addresses.
2022-08-24
Major crypto outlets including CoinDesk, The Block, Decrypt, and CryptoBriefing publish coverage of the rugpull. Total estimated losses reported at $815,000–$852,000.
Decision Log
- hash: 8kjoovaq7QmJDiEVBscTi4tMU53m5d9BJL9sLU1rsR2H
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:48 AM
last updated: 5/29/2026, 5:03:45 PM
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