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Sperax USD

Feb 4, 2023

$250K
Lost
$250K
Recovered
$0
Net loss
$250K
Unrecovered0% recovered

On February 3, 2023, an attacker exploited a bug in the SperaxUSD token contract by pre-computing a Gnosis Safe address and sending 11 USDs to it. 7 billion unbacked USDs and exchange approximately $250K worth before the contract was paused.

Target
DeFi
Classification
Token & Share Accounting
Technique
Unbacked Mint
Attribution
Unknown
Chains
Arbitrum

Event timeline

  1. Feb 4, 2023
    Exploit executed — $250K drained via unbacked mint
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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