On April 2023, Axioma 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 Axioma Business Logic Flaw Played Out
Exploit Class Applied to Axioma
The Axioma incident on April 24, 2023 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, Axioma is 1 of 144 documented business logic flaw incidents.
Axioma in Context
The Axioma incident joins a class whose largest loss to date is – EulerFinance (2023) at $200M.
Prior Business Logic Flaw Before Axioma
The nearest business logic flaw incident before Axioma was – DBW, 30 days earlier on March 25, 2023 ($24K lost). The same exploit class surfaced again within the business logic flaw attack surface.
Impact & Recovery for Axioma
Axioma Loss Figure
The loss figure for Axioma 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 Axioma Incident
The Axioma exploit occurred 3 years ago (1,086 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for Axioma
Public post-mortem / on-chain analysis for the Axioma incident: view source.
FAQ
How much did Axioma lose?
The Axioma 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 Axioma hack happen?
The Axioma exploit was recorded on April 24, 2023 — 1,086 days ago.
What type of exploit hit Axioma?
The Axioma 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 Axioma?
Our archive contains 144 documented business logic flaw incidents. The Axioma incident is one of them.
How does Axioma compare to the largest Business Logic Flaw attack?
The largest business logic flaw incident in our archive is – EulerFinance (2023) at $200M. The Axioma loss was not publicly disclosed.
What challenges are addressed by the zk-SNARKs-based payment channel?
It tackles the limitations of scalability and privacy in traditional blockchain payment channels.
What does signer-linkability in SALRS prevent?
Double spending by linking signatures from the same derived public key.