kaal:claim:4067783-010

Insider knowledge of contract internals is itself an attack surface: at Snowdog DAO an insider who knew a challenge key embedded in the DAO contract backran the anticipated buyback and sold tokens ahead of it.

Source quote, verbatim

For example, Snowdog DAO suffered an alleged rug-pull when an insider who knew a "challenge key" (a part of the DAOs contract), backran the anticipated buyback and began selling tokens.

From

Wulf A. Kaal, DAO Fallacies (2022), II.2.a) Insider Abuses, p. 6
https://ssrn.com/abstract=4067783 · source PDF

Cite as

Wulf A. Kaal, DAO Fallacies (2022). SSRN: https://ssrn.com/abstract=4067783

Holds when

Snowdog DAO on the Avalanche protocol
insider holding a contract challenge key

Classification

empiricalsupport: evidencedfailure: Insider backrunning of a scheduled buybackfamily: fraud-and-misconductdaosmart-contracts

Related claims

generalizes kaal:claim:4529715-028 Where a founder retains access to the smart contract behind the governance token, as with 3OH DAO, an internal...

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