Hack history / 2021 / Rug pull
StableMagnet
Rug pull on Jun 23, 2021 · Backdoor Contract
IN REVIEWSOURCES DISAGREE ON DATE OR LOSS · 4 SOURCES
Lost
$27M
sources: $1.8M to $27M
Returned
none listed
as the sources state it
Rank
#170
among thefts by dollars lost
What happened
StableMagnet team deployed an intentional smart contract backdoor hidden in unverified linked libraries (block explorer gap), enabling them to drain liquidity pools and steal tokens from wallets with active approvals.
In review: sources disagree on the loss.
Details
- Date
- Jun 23, 2021
- Kind
- Rug pull
- Method
- Backdoor Contract
- How in
- Insiders: rug pulls, frauds, collapses
- Target
- DeFi protocol
- Chains
- BNB Chain
- Audit (rekt.news)
- Techrate
Related incidents
Cite this page
SwanBluechip, "StableMagnet rug pull, Jun 23, 2021: $27M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht7092827db7/ (data as of 2026-10-31).