Cryptocurrency [loss] $450,000

Tweet by Clipper DEX

2024-12-01 [vendor] Clipper DEX [chain] ethereum
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

  1. 2024-12-01 Breach occurred
  2. 2024-12-01 Publicly disclosed