Hack history / 2023 / Hack or exploit
Local Traders
Hack or exploit on May 23, 2023 · Improper Access Control
ATTACK TX CONFIRMED ON CHAINSOURCES AGREE ON DATE AND LOSS · 2 SOURCES
Lost
$118K
dollars at the time
Returned
none listed
as the sources state it
Rank
#1,660
among thefts by dollars lost
What happened
On May 23, 2023, Local Traders protocol on BSC was exploited when an attacker called an unprotected function (0xb5863c10) to become the contract owner, then manipulated token pricing to purchase LCT tokens at artificially low prices and resell them.
Details
- Date
- May 23, 2023
- Kind
- Hack or exploit
- Method
- Improper Access Control
- How in
- Smart contract bug
- Target
- DeFi protocol
- Chains
- BNB Chain
Reported by
Related incidents
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Traders duped out of $1.8 million in a fake MetaMask governance token scheme 2021 · Hack or exploit · $1.8M
Safemoon 2023 · Hack or exploit · $8.9M
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Traders lose more than $15 million to phishing website impersonating crypto exchange HitBTC 2023 · Scam · $15M
Traders duped out of $1.8 million in a fake MetaMask governance token scheme 2021 · Hack or exploit · $1.8M
Safemoon 2023 · Hack or exploit · $8.9M
Exactly 2023 · Hack or exploit · $7.5M
Cite this page
SwanBluechip, "Local Traders hack, May 23, 2023: $118K lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htb29b47e653/ (data as of 2026-10-31).