On May 2023, Bitpaidio was exploited in a business logic flaw, resulting in approximately $30K in losses. That makes the Bitpaidio exploit the 301st largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the Bitpaidio Business Logic Flaw Played Out
Exploit Class Applied to Bitpaidio
The Bitpaidio incident on May 13, 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, Bitpaidio is 1 of 144 documented business logic flaw incidents.
Bitpaidio in Context
At $30K, the Bitpaidio 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 Bitpaidio
The nearest business logic flaw incident before Bitpaidio was SellToken01, 2 days earlier on May 11, 2023 ($95K lost). The same exploit class surfaced again within the business logic flaw attack surface.
Impact & Recovery for Bitpaidio
Bitpaidio Loss Figure
The Bitpaidio exploit caused $30,000 in losses — a minor (<$1M) incident and the 114th largest of 214 documented in 2023.
Where Bitpaidio Sits Among Business Logic Flaw Attacks
Ranked by loss size, Bitpaidio is the 60th largest of 144 business logic flaw incidents documented. That puts the Bitpaidio loss below the class average of $6.08M.
Timeline Since the Bitpaidio Incident
The Bitpaidio exploit occurred 2.9 years ago (1,067 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for Bitpaidio
Public post-mortem / on-chain analysis for the Bitpaidio incident: view source.
FAQ
How much did Bitpaidio lose?
The Bitpaidio exploit in May 2023 resulted in $30,000 in losses — the 114th largest of 214 DeFi incidents that year.
When did the Bitpaidio hack happen?
The Bitpaidio exploit was recorded on May 13, 2023 — 1,067 days ago.
What type of exploit hit Bitpaidio?
The Bitpaidio 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 Bitpaidio?
Our archive contains 144 documented business logic flaw incidents. The Bitpaidio incident is one of them.
How does Bitpaidio compare to the largest Business Logic Flaw attack?
The largest business logic flaw incident in our archive is – EulerFinance (2023) at $200M. The Bitpaidio loss is $30K.
How do cryptocurrencies potentially facilitate tax evasion?
Their anonymity features and decentralized nature make detection of tax evasion activities challenging.
What future direction is suggested for reinforcement learning in stock/forex trading?
Further research is needed to address current limitations and enhance the method's reliability.