shield Business Logic Flaw · $16K loss

Forensic report: DAppSocial business logic flaw cost $16K (September 2023)

On September 2023, DAppSocial was exploited in a business logic flaw, resulting in approximately $16K in losses. That makes the DAppSocial exploit the 350th largest DeFi incident out of 690 documented in our archive.

Attack Mechanics: How the DAppSocial Business Logic Flaw Played Out

Exploit Class Applied to DAppSocial

The DAppSocial incident on September 2, 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, DAppSocial is 1 of 144 documented business logic flaw incidents.

DAppSocial in Context

At $16K, the DAppSocial 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 DAppSocial

The nearest business logic flaw incident before DAppSocial was Balancer, 6 days earlier on August 27, 2023 ($2M lost). The same exploit class surfaced again within the business logic flaw attack surface.

Impact & Recovery for DAppSocial

DAppSocial Loss Figure

The DAppSocial exploit caused $16,000 in losses — a minor (<$1M) incident and the 131st largest of 214 documented in 2023.

Where DAppSocial Sits Among Business Logic Flaw Attacks

Ranked by loss size, DAppSocial is the 74th largest of 144 business logic flaw incidents documented. That puts the DAppSocial loss below the class average of $6.08M.

Timeline Since the DAppSocial Incident

The DAppSocial exploit occurred 2.6 years ago (955 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.

Primary Reference for DAppSocial

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

FAQ

How much did DAppSocial lose?

The DAppSocial exploit in September 2023 resulted in $16,000 in losses — the 131st largest of 214 DeFi incidents that year.

When did the DAppSocial hack happen?

The DAppSocial exploit was recorded on September 2, 2023 — 955 days ago.

What type of exploit hit DAppSocial?

The DAppSocial 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 DAppSocial?

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

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

The largest business logic flaw incident in our archive is – EulerFinance (2023) at $200M. The DAppSocial loss is $16K.

Explain the potential impact of the study's findings on future cloud manufacturing systems.

The integration of AI and blockchain could significantly enhance security, efficiency, and trust in cloud manufacturing systems, paving the way for safer and more reliable Industry 4.0 operations.

What is the significance of the study period chosen for the analysis?

The study period captures the initial impact of COVID-19 on global stock markets.