On August 2024, Convergence was exploited in a input validation, resulting in approximately $200K in losses. That makes the Convergence exploit the 161st largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the Convergence Input Validation Played Out
Exploit Class Applied to Convergence
The Convergence incident on August 1, 2024 is classified as a Input Validation. The contract accepts an attacker-controlled input it should have rejected. In the full archive, Convergence is 1 of 21 documented input validation incidents.
Convergence in Context
At $200K, the Convergence exploit is a minor (<$1M) event compared to the largest same-class incident in our archive — OrbitChain (2024) at $81M.
Prior Input Validation Before Convergence
The nearest input validation incident before Convergence was Spectra_finance, 8 days earlier on July 24, 2024 ($73K lost). The same exploit class surfaced again within the input validation attack surface.
Convergence Vulnerability Signature
The primary source categorises the Convergence exploit specifically as “Incorrect input validation”. This narrower label is entity-specific: it reflects how the Convergence contract failed, rather than the broad input validation pattern alone.
Impact & Recovery for Convergence
Convergence Loss Figure
The Convergence exploit caused $200,000 in losses — a minor (<$1M) incident and the 42nd largest of 188 documented in 2024. This single incident represents 0.1% of all tracked losses that year.
Where Convergence Sits Among Input Validation Attacks
Ranked by loss size, Convergence is the 5th largest of 21 input validation incidents documented. That puts the Convergence loss below the class average of $5.88M.
Timeline Since the Convergence Incident
The Convergence exploit occurred 1.7 years ago (621 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for Convergence
Public post-mortem / on-chain analysis for the Convergence incident: view source.
FAQ
How much did Convergence lose?
The Convergence exploit in August 2024 resulted in $200,000 in losses — the 42nd largest of 188 DeFi incidents that year.
When did the Convergence hack happen?
The Convergence exploit was recorded on August 1, 2024 — 621 days ago.
What type of exploit hit Convergence?
The Convergence incident is classified as a Input Validation. The contract accepts an attacker-controlled input it should have rejected.
How common is the Input Validation pattern seen at Convergence?
Our archive contains 21 documented input validation incidents. The Convergence incident is one of them.
How does Convergence compare to the largest Input Validation attack?
The largest input validation incident in our archive is OrbitChain (2024) at $81M. The Convergence loss is $200K.
What are the types of blockchain models mentioned?
Public, private, permissioned, and permissionless.
How does the proposed algorithm manage to maintain performance across different market conditions?
By using a new normalized decomposition-based multi-objective optimization approach.