Cryptocurrency
[loss] $31M+
"Really stupid “smart contract” bug let hackers steal $31 million in digital coin"
Primary Source ↗Financial Loss
$31.0M
(31,000,000 USD)
Blockchain(s)
Bitcoin
Incident Details
A hacker stole $31 million from the liquidity pool provider MonoX by exploiting a bug in their smart contract software that allowed them to exchange a token for itself and artificially inflate the price. MonoX took the classic approach of those burned by crypto issues, and tried to get the cash back by… asking nicely.
Total loss estimated at $31,000,000.
Technical Details
- Initial Attack Vector
- Software bug / unintentional loss
- Vendor / Product
- MonoX
Timeline
- 2021-11-30 Breach occurred
- 2021-11-30 Publicly disclosed