shield Flash Loan Attack · $1 loss

Paraluni Hack: How $1 Was Lost in a Flash Loan Attack (2022)

On March 2022, Paraluni was exploited in a flash loan attack, resulting in approximately $1 in losses. That makes the Paraluni exploit the 474th largest DeFi incident out of 690 documented in our archive.

Attack Mechanics: How the Paraluni Flash Loan Attack Played Out

Exploit Class Applied to Paraluni

The Paraluni incident on March 13, 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, Paraluni is 1 of 27 documented flash loan attack incidents.

Paraluni in Context

At $1, the Paraluni 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 Paraluni

The nearest flash loan attack incident before Paraluni was Grim Finance, 85 days earlier on December 18, 2021 ($30 lost). The same exploit class surfaced again within the flash loan attack attack surface.

Paraluni Vulnerability Signature

The primary source categorises the Paraluni exploit specifically as “Flashloan & Reentrancy”. This narrower label is entity-specific: it reflects how the Paraluni contract failed, rather than the broad flash loan attack pattern alone.

Impact & Recovery for Paraluni

Paraluni Loss Figure

The Paraluni exploit caused $1 in losses — a minor (<$1M) incident and the 67th largest of 129 documented in 2022.

Where Paraluni Sits Among Flash Loan Attack Attacks

Ranked by loss size, Paraluni is the 21st largest of 27 flash loan attack incidents documented. That puts the Paraluni loss below the class average of $577.3K.

Timeline Since the Paraluni Incident

The Paraluni exploit occurred 4.1 years ago (1,493 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.

Primary Reference for Paraluni

Public post-mortem / on-chain analysis for the Paraluni incident: view source.

FAQ

How much did Paraluni lose?

The Paraluni exploit in March 2022 resulted in $1 in losses — the 67th largest of 129 DeFi incidents that year.

When did the Paraluni hack happen?

The Paraluni exploit was recorded on March 13, 2022 — 1,493 days ago.

What type of exploit hit Paraluni?

The Paraluni 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 Paraluni?

Our archive contains 27 documented flash loan attack incidents. The Paraluni incident is one of them.

How does Paraluni compare to the largest Flash Loan Attack attack?

The largest flash loan attack incident in our archive is PolterFinance (2024) at $7M. The Paraluni loss is $1.

What implication does the study have for portfolio management?

It provides insights for investors and decision-makers, emphasizing the importance of incorporating monetary policy in assessing cryptocurrency volatility.

What future trends and challenges are discussed for Metaverse markets?

The document explores the future trends in Metaverse business opportunities, including security issues of cryptocurrency and the integration of AR, VR, MR, and XR technologies.