shield Access Control

The May 2023 access control against Local Trade LCT: what went wrong

On May 2023, Local Trade LCT suffered a access control — the first of 77 documented access control incidents in our archive where the loss figure was not publicly disclosed but the exploit pattern is documented below.

Attack Mechanics: How the Local Trade LCT Access Control Played Out

Exploit Class Applied to Local Trade LCT

The Local Trade LCT incident on May 24, 2023 is classified as a Access Control. A privileged function lacks a proper authorisation check, letting an unauthorised caller execute it. In the full archive, Local Trade LCT is 1 of 77 documented access control incidents.

Local Trade LCT in Context

The Local Trade LCT incident joins a class whose largest loss to date is Corkprotocol (2025) at $12M.

Prior Access Control Before Local Trade LCT

The nearest access control incident before Local Trade LCT was Melo, 18 days earlier on May 6, 2023 ($90K lost). The same exploit class surfaced again within the access control attack surface.

Local Trade LCT Vulnerability Signature

The primary source categorises the Local Trade LCT exploit specifically as “Improper Access Control of Close-source contract”. This narrower label is entity-specific: it reflects how the Local Trade LCT contract failed, rather than the broad access control pattern alone.

Impact & Recovery for Local Trade LCT

Local Trade LCT Loss Figure

The loss figure for Local Trade LCT is not publicly disclosed. The primary source reports the exploit in non-USD terms, so no USD estimate is published here. For reference, the average loss across 77 access control incidents in our archive is $636K.

Timeline Since the Local Trade LCT Incident

The Local Trade LCT exploit occurred 2.9 years ago (1,056 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.

Primary Reference for Local Trade LCT

Public post-mortem / on-chain analysis for the Local Trade LCT incident: view source.

FAQ

How much did Local Trade LCT lose?

The Local Trade LCT loss figure is not publicly disclosed. The primary source reports the exploit in non-USD token terms, so no USD estimate is published here.

When did the Local Trade LCT hack happen?

The Local Trade LCT exploit was recorded on May 24, 2023 — 1,056 days ago.

What type of exploit hit Local Trade LCT?

The Local Trade LCT incident is classified as a Access Control. A privileged function lacks a proper authorisation check, letting an unauthorised caller execute it.

How common is the Access Control pattern seen at Local Trade LCT?

Our archive contains 77 documented access control incidents. The Local Trade LCT incident is one of them.

How does Local Trade LCT compare to the largest Access Control attack?

The largest access control incident in our archive is Corkprotocol (2025) at $12M. The Local Trade LCT loss was not publicly disclosed.

What future research directions does the study propose?

Further analysis on the impact of multifractality on stock market predictions and the role of external factors.

What are the key components of the proposed blockchain-enabled remote healthcare monitoring system?

The system includes IoT devices for data collection, blockchain for secure data storage, and smart contracts for automated data management.