Leaderboard
650All-time rank
D
Demex
May 16, 2025
$951K
Lost
$951K
Recovered
$0
Net loss
$951K
Unrecovered0% recovered
Demex's Nitron lending market was exploited via donation-based oracle manipulation targeting a deprecated dGLP vault. An attacker donated a small amount of fsGLP to inflate the GLP redemption rate, which Nitron's oracle accepted as accurate pricing for dGLP.
The attacker then used the falsely inflated dGLP value as collateral to borrow legitimate assets.
- Target
- DeFi
- Classification
- Oracle Manipulation
- Technique
- Spot Price Manipulation
- Attribution
- Unknown
- Chains
Arbitrum
Event timeline
- May 16, 2025Exploit executed — $951K drained via spot price manipulation
- Attributed to Unknown
- Recovery status Unrecovered 0%