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Hack history / 2021 / Rug pull

Snowdog

Rug pull on Nov 25, 2021 · Liquidity Rug

IN REVIEWSOURCES DISAGREE ON DATE OR LOSS · 4 SOURCES
Lost
$30M
sources: $18.1M to $30M
Returned
none listed
as the sources state it
Rank
#159
among thefts by dollars lost

What happened

SnowdogDAO ($SDOG) on Avalanche launched November 14, 2021, raising $45M in 8 days. On November 25, the team moved liquidity to a private Snowbank-controlled AMM pool requiring a secret challenge key. Only 7% of holders could liquidate, while three addresses drained $10M, $7.7M, and $3.3M, blocking $18.1M in total liquidity.

In review: possible duplicate within one source; sources disagree on the loss.

Details

Date
Nov 25, 2021
Kind
Rug pull
Method
Liquidity Rug
How in
Insiders: rug pulls, frauds, collapses
Target
DeFi protocol
Chains
Avalanche
Audit (rekt.news)
unaudited

Reported by

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Cite this pageSwanBluechip, "Snowdog rug pull, Nov 25, 2021: $30M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htc6a617062a/ (data as of 2026-10-31).
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