Cryptocurrency [loss] $31M+

"Really stupid “smart contract” bug let hackers steal $31 million in digital coin"

2021-11-30 [vendor] MonoX [chain] bitcoin
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

  1. 2021-11-30 Breach occurred
  2. 2021-11-30 Publicly disclosed