RTFKT on Exploit: 'Entire Team Worked Really Hard'

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RTFKT heads defended their team's "hard work" despite an exploit that allowed minters of the RTFKT x RIMOWA NFTs to buy more than their allotted amount Thursday.

The drop was done through an innovative and interactive raffle, where users gathered in a space station and picked which item (a WorkerBot or a luxury luggage NFT) they wanted to mint. To qualify for the raffle users needed 0.07 ETH in their wallet to mint the WorkerBot NFT and 2 ETH to mint the luggage. But those that made it through the queue were able to transfer their newly purchased NFT out of their wallet and buy another.

"Yes, I am aware of the issue with the loopable exploit," said RTFKT CTO Samuel Cardillo in a Twitter thread. "The reality is: this was the first raffle we've done, and also an intense collaboration with @oncyber. The entire team worked really hard, on both (ends), to ensure a very unique and new experience."

The explot was pointed out by web3 developer 0xbender shortly after the 2,222 WorkerBots and 888 RIMOWA luggage pieces sold out. It was an exploit where "15 (minutes) with any half-decent solidity dev would have caught this," according to one Twitter user.

enter raffle -> get selected -> mint -> transfer NFTs out of wallet -> mint again

end of thread
— bender (@0xBender) October 27, 2022

"We are looking at what went well and what did not, as usual, then we learn and make sure we improve. Hopefully, still, despite that, I hope that many of you were able to enjoy the 3D experience and the mint itself, which was all done using VRF Chainlink," said Cardillo.

The floor price for the WorkerBots is currently 0.299 ETH and the luggage NFTs have a floor price of 2.264 ETH.

Author Bio

TD Marquis

A veteran journalist and editor with more than a decade's worth of experience, TD helped a small community newspaper in Vermont win a New England Newspaper Association Right to Know Award in 2014. TD helped compile five years' worth of invoices to uncover a long-established practice of small-town government officials paying themselves six figures to do small jobs around town. TD discovered NFTs with Top Shot in 2021 and his first NFTs on ETH were saving two Mooncats. He is now the proud owner of Rowhome #61 and 1,300 other NFTs of questionable value. He also sent 4 ETH to a fake Mekaverse site and wants Lucky Trader readers to avoid the same fate.

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