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Axion

Nov 2, 2020

$500K
Lost
$500K
Recovered
$0
Net loss
$500K
Unrecovered0% recovered

Insider(s) injected malicious code into Axion's OpenZeppelin dependencies prior to deployment, enabling unlimited token minting via the unstake function. Attacker minted 79 billion AXN and dumped on the market, causing 99% price collapse and netting 1,300 ETH (~$500K) despite passing audits from Hacken and Certik.

Target
DeFi
Classification
Token & Share Accounting
Technique
Infinite Mint
Attribution
Unknown
Chains
Ethereum

Event timeline

  1. Nov 2, 2020
    Exploit executed — $500K drained via infinite mint
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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