On November 2024, PolterFinance was exploited in a flash loan attack, resulting in approximately $7M in losses. That makes the PolterFinance exploit the 37th largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the PolterFinance Flash Loan Attack Played Out
Exploit Class Applied to PolterFinance
The PolterFinance incident on November 19, 2024 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, PolterFinance is 1 of 27 documented flash loan attack incidents.
PolterFinance in Context
The $7M loss at PolterFinance is the largest flash loan attack incident in our archive, ahead of JulSwap (2021, $1.5M).
Prior Flash Loan Attack Before PolterFinance
The nearest flash loan attack incident before PolterFinance was CompoundFork, 24 days earlier on October 26, 2024 ($1M lost). The same exploit class surfaced again within the flash loan attack attack surface.
PolterFinance Vulnerability Signature
The primary source categorises the PolterFinance exploit specifically as “FlashLoan Attack”. This narrower label is entity-specific: it reflects how the PolterFinance contract failed, rather than the broad flash loan attack pattern alone.
Impact & Recovery for PolterFinance
PolterFinance Loss Figure
The PolterFinance exploit caused $7,000,000 in losses — a significant ($1M–$10M) incident and the 10th largest of 188 documented in 2024. This single incident represents 1.9% of all tracked losses that year.
Where PolterFinance Sits Among Flash Loan Attack Attacks
Ranked by loss size, PolterFinance is the 1st largest of 27 flash loan attack incidents documented. That puts the PolterFinance loss above the class average of $577.3K.
Timeline Since the PolterFinance Incident
The PolterFinance exploit occurred 1.4 years ago (511 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for PolterFinance
Public post-mortem / on-chain analysis for the PolterFinance incident: view source.
FAQ
How much did PolterFinance lose?
The PolterFinance exploit in November 2024 resulted in $7,000,000 in losses — the 10th largest of 188 DeFi incidents that year.
When did the PolterFinance hack happen?
The PolterFinance exploit was recorded on November 19, 2024 — 511 days ago.
What type of exploit hit PolterFinance?
The PolterFinance 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 PolterFinance?
Our archive contains 27 documented flash loan attack incidents. The PolterFinance incident is one of them.
How does PolterFinance compare to the largest Flash Loan Attack attack?
The largest flash loan attack incident in our archive is JulSwap (2021) at $1.5M. The PolterFinance loss is $7M.
What are the main themes identified in the document regarding blockchain's application in accounting and auditing?
Strengthening financial reporting systems, the future of auditing, and valuation of cryptocurrencies.
What technical components are highlighted for the development of blockchain-based games like GENERA Web3?
Key components include smart contracts for automating game mechanics and blockchain networks for immutable data storage.