Cryptocurrency
[loss] $1M+
"Levana exploit postmortem"
Primary Source ↗Financial Loss
$1.1M
(1,146,000 USD)
Blockchain(s)
Cosmos
Incident Details
An attacker successfully manipulated an oracle to drain around 10% of the liquidity pool for the Levana Protocol, an Osmosis-based perpetual futures project. This amounted to $1.146 million.The attack was unusual in that it lasted almost two weeks, going unnoticed because it was draining pools slowly enough that the Levana team assumed it was organic activity. However, when the network became congested, the attack suddenly became more profitable — and more noticeable.
Total loss estimated at $1,146,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- Levana Protocol
Timeline
- 2023-12-26 Breach occurred
- 2023-12-26 Publicly disclosed