Leaderboard
548All-time rank
Pike V1 logo

Pike V1

Apr 30, 2024

$1.6M
Lost
$1.6M
Recovered
$0
Net loss
$1.6M
Unrecovered0% recovered

Pike upgraded spoke contracts with new dependencies that altered storage layout, particularly the 'initialized' variable. On April 30, 2024, this storage misalignment allowed attackers to upgrade contracts, bypass admin access, and withdraw funds.

39 ETH.

Target
DeFi
Classification
Access Control
Technique
Proxy Upgrade Hijack
Attribution
Unknown
Chains
EthereumOptimismArbitrum

Event timeline

  1. Apr 30, 2024
    Exploit executed — $1.6M drained via proxy upgrade hijack
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

Related incidents