On August 2024, iVest 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 iVest Business Logic Flaw Played Out
Exploit Class Applied to iVest
The iVest incident on August 12, 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, iVest is 1 of 144 documented business logic flaw incidents.
iVest in Context
The iVest incident joins a class whose largest loss to date is – EulerFinance (2023) at $200M.
Prior Business Logic Flaw Before iVest
The nearest business logic flaw incident before iVest was SBT, 32 days earlier on July 11, 2024 ($56K lost). The same exploit class surfaced again within the business logic flaw attack surface.
Impact & Recovery for iVest
iVest Loss Figure
The loss figure for iVest 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 iVest Incident
The iVest exploit occurred 1.7 years ago (610 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for iVest
Public post-mortem / on-chain analysis for the iVest incident: view source.
FAQ
How much did iVest lose?
The iVest 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 iVest hack happen?
The iVest exploit was recorded on August 12, 2024 — 610 days ago.
What type of exploit hit iVest?
The iVest 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 iVest?
Our archive contains 144 documented business logic flaw incidents. The iVest incident is one of them.
How does iVest compare to the largest Business Logic Flaw attack?
The largest business logic flaw incident in our archive is – EulerFinance (2023) at $200M. The iVest loss was not publicly disclosed.
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