On March 2022, Li.Fi was exploited in a bridge exploit, resulting in approximately $570K in losses. That makes the Li.Fi exploit the 112th largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the Li.Fi Bridge Exploit Played Out
Exploit Class Applied to Li.Fi
The Li.Fi incident on March 20, 2022 is classified as a Bridge Exploit. A cross-chain bridge is tricked into minting or releasing funds on the destination chain without a valid deposit on the source chain. In the full archive, Li.Fi is 1 of 5 documented bridge exploit incidents.
Li.Fi in Context
The $570K loss at Li.Fi is the largest bridge exploit incident in our archive, ahead of Ronin Network (2022, $624).
Prior Bridge Exploit Before Li.Fi
The nearest bridge exploit incident before Li.Fi was Meter, 42 days earlier on February 6, 2022 ($4 lost). The same exploit class surfaced again within the bridge exploit attack surface.
Li.Fi Vulnerability Signature
The primary source categorises the Li.Fi exploit specifically as “Bridges”. This narrower label is entity-specific: it reflects how the Li.Fi contract failed, rather than the broad bridge exploit pattern alone.
Impact & Recovery for Li.Fi
Li.Fi Loss Figure
The Li.Fi exploit caused $570,000 in losses — a minor (<$1M) incident and the 14th largest of 129 documented in 2022. This single incident represents 0.3% of all tracked losses that year.
Where Li.Fi Sits Among Bridge Exploit Attacks
Ranked by loss size, Li.Fi is the 1st largest of 5 bridge exploit incidents documented. That puts the Li.Fi loss above the class average of $114.3K.
Timeline Since the Li.Fi Incident
The Li.Fi exploit occurred 4.1 years ago (1,486 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for Li.Fi
Public post-mortem / on-chain analysis for the Li.Fi incident: view source.
FAQ
How much did Li.Fi lose?
The Li.Fi exploit in March 2022 resulted in $570,000 in losses — the 14th largest of 129 DeFi incidents that year.
When did the Li.Fi hack happen?
The Li.Fi exploit was recorded on March 20, 2022 — 1,486 days ago.
What type of exploit hit Li.Fi?
The Li.Fi incident is classified as a Bridge Exploit. A cross-chain bridge is tricked into minting or releasing funds on the destination chain without a valid deposit on the source chain.
How common is the Bridge Exploit pattern seen at Li.Fi?
Our archive contains 5 documented bridge exploit incidents. The Li.Fi incident is one of them.
How does Li.Fi compare to the largest Bridge Exploit attack?
The largest bridge exploit incident in our archive is Ronin Network (2022) at $624. The Li.Fi loss is $570K.
What are LSTM networks commonly used for in this study?
LSTM networks are used for sequence learning of financial time series data.
How are the models ranked in the study?
Using Kendall W test of concordance.