On January 2023, – GDS was exploited in a business logic flaw, resulting in approximately $180K in losses. That makes the – GDS exploit the 172nd largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the – GDS Business Logic Flaw Played Out
Exploit Class Applied to – GDS
The – GDS incident on January 3, 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, – GDS is 1 of 144 documented business logic flaw incidents.
– GDS in Context
At $180K, the – GDS 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 – GDS
The nearest business logic flaw incident before – GDS was – ElasticSwap, 21 days earlier on December 13, 2022 ($845K lost). The same exploit class surfaced again within the business logic flaw attack surface.
Impact & Recovery for – GDS
– GDS Loss Figure
The – GDS exploit caused $180,000 in losses — a minor (<$1M) incident and the 66th largest of 214 documented in 2023.
Where – GDS Sits Among Business Logic Flaw Attacks
Ranked by loss size, – GDS is the 34th largest of 144 business logic flaw incidents documented. That puts the – GDS loss below the class average of $6.08M.
Timeline Since the – GDS Incident
The – GDS exploit occurred 3.3 years ago (1,197 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for – GDS
Public post-mortem / on-chain analysis for the – GDS incident: view source.
FAQ
How much did – GDS lose?
The – GDS exploit in January 2023 resulted in $180,000 in losses — the 66th largest of 214 DeFi incidents that year.
When did the – GDS hack happen?
The – GDS exploit was recorded on January 3, 2023 — 1,197 days ago.
What type of exploit hit – GDS?
The – GDS 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 – GDS?
Our archive contains 144 documented business logic flaw incidents. The – GDS incident is one of them.
How does – GDS compare to the largest Business Logic Flaw attack?
The largest business logic flaw incident in our archive is – EulerFinance (2023) at $200M. The – GDS loss is $180K.
What model is applied to assess the value relevance of CSR performance?
A modified version of Ohlson's model.
What does the study suggest about Bitcoin's status as a safe-haven asset?
Bitcoin may be considered a safe-haven by investors, as indicated by its negative correlation with US stock market volatility.