Leaderboard
648All-time rank
Mars Perps
Dec 14, 2025
$960K
Lost
$960K
Recovered
$0
Net loss
$960K
Unrecovered0% recovered
On December 14, 2025, Mars Protocol's Perps market on Neutron was exploited for ~$973K via skew-based pricing arbitrage. The attacker executed the same-block arbitrage pattern 15 times, exploiting that funding rates were only applied between blocks rather than within them, eliminating downside risk.
- Target
- DeFi
- Classification
- Market Manipulation
- Technique
- Funding Rate Arbitrage
- Attribution
- Unknown
- Chains
Neutron
Event timeline
- Dec 14, 2025Exploit executed — $960K drained via funding rate arbitrage
- Attributed to Unknown
- Recovery status Unrecovered 0%