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El Dorado Exchange

May 30, 2023

$120K
Lost
$120K
Recovered
$0
Net loss
$120K
Unrecovered0% recovered

An attacker exploited a closed-source Oracle contract in El Dorado Exchange to manipulate prices and liquidate positions. The attacker extracted approximately $520K but was identified as a white-hat security researcher exposing a price manipulation fraud scheme.

After the team admitted code vulnerabilities, the attacker returned over $400K.

Target
DeFi
Classification
Protocol Logic
Technique
Swap Logic Flaw
Attribution
Unknown
Chains
Arbitrum

Event timeline

  1. May 30, 2023
    Exploit executed — $120K drained via swap logic flaw
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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