Jihoz lost $8.4M after hot wallet access was compromised. Abracadabra bled $6.5M due to a rounding error that zeroed debt but left base intact. Goledo was manipulated for $1.7M via a thin-market pump. Citadel Finance’s $93K hit came from flash-loaned price manipulation. From arithmetic edge cases to plain key theft, the exploits continue to outpace basic assumptions.
On February 23rd, Jihoz, the co-founder of Axie Infinity, fell victim to a $8.4M hack. The attacker gained unauthorized access to two of Jihoz’s hot wallets on the Ethereum Mainnet and drained 2,790 ETH. Subsequently, the attacker transferred the stolen assets to Tornado Cash. Jihoz stated that the exploit was an isolated incident and confirmed that Ronin Chain and Sky Navis wallets are safe.
Exploit Contract: 0x64192819ac13ef72bf6b5ae239ac672b43a9af08
Transaction Hash: 0x550eca288d46913994d672997f943f35d1c8157a564ada09ff91c1c4f7616f26
On January 30th, the Abracadabra exploit on the Ethereum Mainnet resulted in a $6.5M loss. The root cause of the hack was a rounding error in Abracadabra’s Cauldrons V3 and V4 contracts. The attacker initially utilized flash loans to deposit into BentoBox, manipulating the asset-to-share ratio. When the attacker borrowed and repaid 1 wei, the totalBorrow.elastic value would be set to zero. However, a rounding error allowed totalBorrow.base to remain an integer. This vulnerability enabled the attacker to borrow 1 wei of the asset and mint an artificially inflated share amount.
Exploit Contract: 0xC4113Ae18E0d3213c6a06947a2fFC70AD3517c77
Transaction Hash: 0x26a83db7e28838dd9fee6fb7314ae58dcc6aee9a20bf224c386ff5e80f7e4cf2
On January 28th, the Goledo Finance exploit on the Conflux Network resulted in a $1.7M loss. The attacker borrowed 11M of CFX tokens and used these funds to purchase 24.6M PPI tokens. This transaction artificially inflated the PPI token’s price, allowing the attacker to secure profits. Goledo Finance acknowledged the incident and subsequently froze the exploiter’s 7.97M CFX.
Exploit Contract (on Conflux Network): 0x9aebA63d77d25C95dadD057db74741517862F360
Transaction Hash: 0x9a07c203519ff8ad087fd5665779bc1984c01403f500f66c61fa75ec2b29a90a
On January 27th, the Citadel Finance exploit on the Arbitrum chain resulted in a $93K loss. The attacker used flash loans and deposited the funds into Citadel Finance’s Camelot liquidity pool, artificially inflating the USDC.e token’s price and enabling the attacker to gain profits. The Citadel Finance team reported the recovery of nearly half of the stolen assets.
Exploit Contract (on Arbitrum Chain): 0x34b666992fcce34669940ab6b017fe11e5750799
Transaction Hash: 0xf52a681bc76df1e3a61d9266e3a66c7388ef579d62373feb4fd0991d36006855