On May 2022, ApeCoin (APE) was exploited in a flash loan attack on Ethereum, resulting in approximately $1 in losses. That makes the ApeCoin (APE) exploit the 474th largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the ApeCoin (APE) Flash Loan Attack Played Out
Exploit Class Applied to ApeCoin (APE)
The ApeCoin (APE) incident on May 17, 2022 is classified as a Flash Loan Attack. Attackers borrow huge amounts via uncollateralised single-transaction loans and manipulate protocol state before repaying in the same block. In the full archive, ApeCoin (APE) is 1 of 27 documented flash loan attack incidents.
ApeCoin (APE) in Context
At $1, the ApeCoin (APE) exploit is a minor (<$1M) event compared to the largest same-class incident in our archive — PolterFinance (2024) at $7M.
Prior Flash Loan Attack Before ApeCoin (APE)
The nearest flash loan attack incident before ApeCoin (APE) was Rari Capital/Fei Protocol, 17 days earlier on April 30, 2022 ($80 lost). The same exploit class surfaced again within the flash loan attack attack surface.
ApeCoin (APE) Vulnerability Signature
The primary source categorises the ApeCoin (APE) exploit specifically as “Flashloan”. This narrower label is entity-specific: it reflects how the ApeCoin (APE) contract failed, rather than the broad flash loan attack pattern alone.
Target Chain: Ethereum
The vulnerable ApeCoin (APE) contract was deployed on Ethereum — one of 9 documented incidents on Ethereum. This determines the block cadence, mempool, and forensic tooling available to investigators.
Impact & Recovery for ApeCoin (APE)
ApeCoin (APE) Loss Figure
The ApeCoin (APE) exploit caused $1 in losses — a minor (<$1M) incident and the 67th largest of 129 documented in 2022.
Where ApeCoin (APE) Sits Among Flash Loan Attack Attacks
Ranked by loss size, ApeCoin (APE) is the 21st largest of 27 flash loan attack incidents documented. That puts the ApeCoin (APE) loss below the class average of $577.3K.
Timeline Since the ApeCoin (APE) Incident
The ApeCoin (APE) exploit occurred 3.9 years ago (1,428 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for ApeCoin (APE)
Public post-mortem / on-chain analysis for the ApeCoin (APE) incident: view source.
FAQ
How much did ApeCoin (APE) lose?
The ApeCoin (APE) exploit in May 2022 resulted in $1 in losses — the 67th largest of 129 DeFi incidents that year.
When did the ApeCoin (APE) hack happen?
The ApeCoin (APE) exploit was recorded on May 17, 2022 — 1,428 days ago.
What type of exploit hit ApeCoin (APE)?
The ApeCoin (APE) incident is classified as a Flash Loan Attack. Attackers borrow huge amounts via uncollateralised single-transaction loans and manipulate protocol state before repaying in the same block.
Which blockchain was ApeCoin (APE) deployed on?
The ApeCoin (APE) contract was deployed on Ethereum, one of 9 documented incidents on that chain.
How does ApeCoin (APE) compare to the largest Flash Loan Attack attack?
The largest flash loan attack incident in our archive is PolterFinance (2024) at $7M. The ApeCoin (APE) loss is $1.
What conclusion is drawn about CSR promotion in China?
CSR promotion has led to increased female board membership and interest from foreign institutional investors.
Which cryptocurrencies were analyzed in the study?
Bitcoin, Binance Coin, and XRP were analyzed alongside monthly monetary policy data from the USA and South Africa.