On August 2024, Coco 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 Coco Business Logic Flaw Played Out
Exploit Class Applied to Coco
The Coco incident on August 20, 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, Coco is 1 of 144 documented business logic flaw incidents.
Coco in Context
The Coco incident joins a class whose largest loss to date is – EulerFinance (2023) at $200M.
Prior Business Logic Flaw Before Coco
The nearest business logic flaw incident before Coco was iVest, 8 days earlier on August 12, 2024. The same exploit class surfaced again within the business logic flaw attack surface.
Coco Vulnerability Signature
The primary source categorises the Coco exploit specifically as “Logic flaw”. This narrower label is entity-specific: it reflects how the Coco contract failed, rather than the broad business logic flaw pattern alone.
Impact & Recovery for Coco
Coco Loss Figure
The loss figure for Coco 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 Coco Incident
The Coco exploit occurred 1.6 years ago (602 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for Coco
Public post-mortem / on-chain analysis for the Coco incident: view source.
FAQ
How much did Coco lose?
The Coco 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 Coco hack happen?
The Coco exploit was recorded on August 20, 2024 — 602 days ago.
What type of exploit hit Coco?
The Coco 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 Coco?
Our archive contains 144 documented business logic flaw incidents. The Coco incident is one of them.
How does Coco compare to the largest Business Logic Flaw attack?
The largest business logic flaw incident in our archive is – EulerFinance (2023) at $200M. The Coco loss was not publicly disclosed.
How does the study categorize data science methods in economics?
Data science methods are categorized into deep learning, hybrid deep learning, and ensemble machine learning techniques.
How do tree-based models contribute to the prediction accuracy in the study?
Tree-based models, especially Adaboost, Gradient Boosting, and XGBoost, show intense competition in accuracy due to their ensemble learning capabilities.