On September 2022, NewFreeDAO was exploited in a flash loan attack, resulting in approximately $1M in losses. That makes the NewFreeDAO exploit the 86th largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the NewFreeDAO Flash Loan Attack Played Out
Exploit Class Applied to NewFreeDAO
The NewFreeDAO incident on September 8, 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, NewFreeDAO is 1 of 27 documented flash loan attack incidents.
NewFreeDAO in Context
At $1M, the NewFreeDAO exploit is a significant ($1M–$10M) event compared to the largest same-class incident in our archive — PolterFinance (2024) at $7M.
Prior Flash Loan Attack Before NewFreeDAO
The nearest flash loan attack incident before NewFreeDAO was ApeCoin (APE), 114 days earlier on May 17, 2022 ($1 lost). The same exploit class surfaced again within the flash loan attack attack surface.
NewFreeDAO Vulnerability Signature
The primary source categorises the NewFreeDAO exploit specifically as “Flashloans Attack”. This narrower label is entity-specific: it reflects how the NewFreeDAO contract failed, rather than the broad flash loan attack pattern alone.
Impact & Recovery for NewFreeDAO
NewFreeDAO Loss Figure
The NewFreeDAO exploit caused $1,000,000 in losses — a significant ($1M–$10M) incident and the 10th largest of 129 documented in 2022. This single incident represents 0.4% of all tracked losses that year.
Where NewFreeDAO Sits Among Flash Loan Attack Attacks
Ranked by loss size, NewFreeDAO is the 3rd largest of 27 flash loan attack incidents documented. That puts the NewFreeDAO loss above the class average of $577.3K.
Timeline Since the NewFreeDAO Incident
The NewFreeDAO exploit occurred 3.6 years ago (1,314 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for NewFreeDAO
Public post-mortem / on-chain analysis for the NewFreeDAO incident: view source.
FAQ
How much did NewFreeDAO lose?
The NewFreeDAO exploit in September 2022 resulted in $1,000,000 in losses — the 10th largest of 129 DeFi incidents that year.
When did the NewFreeDAO hack happen?
The NewFreeDAO exploit was recorded on September 8, 2022 — 1,314 days ago.
What type of exploit hit NewFreeDAO?
The NewFreeDAO 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.
How common is the Flash Loan Attack pattern seen at NewFreeDAO?
Our archive contains 27 documented flash loan attack incidents. The NewFreeDAO incident is one of them.
How does NewFreeDAO compare to the largest Flash Loan Attack attack?
The largest flash loan attack incident in our archive is PolterFinance (2024) at $7M. The NewFreeDAO loss is $1M.
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