shield Business Logic Flaw

APEMAGA Exploit: Business Logic Flaw Incident Explained (2024)

On June 2024, APEMAGA suffered a business logic flaw — the first of 144 documented business logic flaw incidents in our archive where the loss figure was not publicly disclosed but the exploit pattern is documented below.

Attack Mechanics: How the APEMAGA Business Logic Flaw Played Out

Exploit Class Applied to APEMAGA

The APEMAGA incident on June 27, 2024 is classified as a Business Logic Flaw. A business-logic bug in the contract — such as an incorrect formula or missing state update — lets the attacker withdraw more than their share. In the full archive, APEMAGA is 1 of 144 documented business logic flaw incidents.

APEMAGA in Context

The APEMAGA incident joins a class whose largest loss to date is – EulerFinance (2023) at $200M.

Prior Business Logic Flaw Before APEMAGA

The nearest business logic flaw incident before APEMAGA was INcufi, 9 days earlier on June 18, 2024 ($59K lost). The same exploit class surfaced again within the business logic flaw attack surface.

Impact & Recovery for APEMAGA

APEMAGA Loss Figure

The loss figure for APEMAGA is not publicly disclosed. The primary source reports the exploit in non-USD terms, so no USD estimate is published here. For reference, the average loss across 144 business logic flaw incidents in our archive is $6.08M.

Timeline Since the APEMAGA Incident

The APEMAGA exploit occurred 1.8 years ago (656 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.

Primary Reference for APEMAGA

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

FAQ

How much did APEMAGA lose?

The APEMAGA loss figure is not publicly disclosed. The primary source reports the exploit in non-USD token terms, so no USD estimate is published here.

When did the APEMAGA hack happen?

The APEMAGA exploit was recorded on June 27, 2024 — 656 days ago.

What type of exploit hit APEMAGA?

The APEMAGA incident is classified as a Business Logic Flaw. A business-logic bug in the contract — such as an incorrect formula or missing state update — lets the attacker withdraw more than their share.

How common is the Business Logic Flaw pattern seen at APEMAGA?

Our archive contains 144 documented business logic flaw incidents. The APEMAGA incident is one of them.

How does APEMAGA compare to the largest Business Logic Flaw attack?

The largest business logic flaw incident in our archive is – EulerFinance (2023) at $200M. The APEMAGA loss was not publicly disclosed.

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