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ElasticSwap

Dec 13, 2022

$850K
Lost
$850K
Recovered
$521K
Net loss
$329K
Majority61% recovered

On December 13, 2022, ElasticSwap was exploited on Avalanche and Ethereum via inconsistent accounting between addLiquidity (constant K) and removeLiquidity (pool balance), draining ~$854K.

How the exploit worked

View reproducible PoC

Business Logic Flaw.

Lost: $845k

Source: DeFiHackLabs (SunWeb3Sec)

Target
DeFi
Classification
Oracle Manipulation
Technique
Spot Price Manipulation
Attribution
Unknown
Chains
AvalancheEthereum

Event timeline

  1. Dec 13, 2022
    Exploit executed — $850K drained via spot price manipulation
  2. Attributed to Unknown
  3. Recovery status Majority 61%

Data credits

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