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xToken

May 12, 2021

$24.0M
Lost
$24.0M
Recovered
$0
Net loss
$24.0M
Unrecovered0% recovered

On May 12, 2021, xToken was exploited when an attacker used an $81M flash loan (61,800 ETH) from dYdX to manipulate Kyber Network's oracle, enabling minting of xSNXa tokens at manipulated prices for ETH and SNX. The xBNTa contract had an additional flaw allowing minting with any token, not just BNT.

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

Event timeline

  1. May 12, 2021
    Exploit executed — $24.0M drained via spot price manipulation
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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