shield Business Logic Flaw · $38K loss

Forensic report: BFCToken business logic flaw cost $38K (September 2023)

On September 2023, BFCToken was exploited in a business logic flaw, resulting in approximately $38K in losses. That makes the BFCToken exploit the 285th largest DeFi incident out of 690 documented in our archive.

Attack Mechanics: How the BFCToken Business Logic Flaw Played Out

Exploit Class Applied to BFCToken

The BFCToken incident on September 9, 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, BFCToken is 1 of 144 documented business logic flaw incidents.

BFCToken in Context

At $38K, the BFCToken exploit is a minor (<$1M) event compared to the largest same-class incident in our archive — – EulerFinance (2023) at $200M.

Prior Business Logic Flaw Before BFCToken

The nearest business logic flaw incident before BFCToken was APIG, 1 day earlier on September 8, 2023 ($169K lost). The same exploit class surfaced again within the business logic flaw attack surface.

Impact & Recovery for BFCToken

BFCToken Loss Figure

The BFCToken exploit caused $38,000 in losses — a minor (<$1M) incident and the 108th largest of 214 documented in 2023.

Where BFCToken Sits Among Business Logic Flaw Attacks

Ranked by loss size, BFCToken is the 54th largest of 144 business logic flaw incidents documented. That puts the BFCToken loss below the class average of $6.08M.

Timeline Since the BFCToken Incident

The BFCToken exploit occurred 2.6 years ago (948 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.

Primary Reference for BFCToken

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

FAQ

How much did BFCToken lose?

The BFCToken exploit in September 2023 resulted in $38,000 in losses — the 108th largest of 214 DeFi incidents that year.

When did the BFCToken hack happen?

The BFCToken exploit was recorded on September 9, 2023 — 948 days ago.

What type of exploit hit BFCToken?

The BFCToken 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 BFCToken?

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

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

The largest business logic flaw incident in our archive is – EulerFinance (2023) at $200M. The BFCToken loss is $38K.

What are the key dimensions of SRQ analyzed?

Availability, credibility, and strategic anchorage.

How are cumulative abnormal returns (CAR) calculated?

CARs are the sum of abnormal returns over a certain period after the event.