Cryptocurrency
[loss] $450,000
Tweet by Clipper DEX
Primary Source ↗Financial Loss
$450,000
(450,000 USD)
Blockchain(s)
Ethereum
Incident Details
The Clipper decentralized exchange suffered a $450,000 exploit across two Ethereum layer-2 chains. Although some speculated that the issue may have been a private key leak, Clipper denied this, and instead said that an attacker had exploited a feature allowing people to make withdrawals denominated in a single token by performing swaps along with the withdrawal.Although the $450,000 theft is relatively small compared to some other crypto hacks, it represented around 6% of the total value locked on Clipper. Clipper stated they were working to trace and attempt to recover funds, and asked the hacker to contact them to potentially negotiate a return of some funds.
Total loss estimated at $450,000.
Technical Details
- Initial Attack Vector
- Private key compromise
- Vendor / Product
- Clipper DEX
Timeline
- 2024-12-01 Breach occurred
- 2024-12-01 Publicly disclosed