shield Business Logic Flaw · $200K loss

Liquiditytokens Hack: How $200K Was Lost in a Business Logic Flaw (2024)

On May 2024, Liquiditytokens was exploited in a business logic flaw, resulting in approximately $200K in losses. That makes the Liquiditytokens exploit the 161st largest DeFi incident out of 690 documented in our archive.

Attack Mechanics: How the Liquiditytokens Business Logic Flaw Played Out

Exploit Class Applied to Liquiditytokens

The Liquiditytokens incident on May 31, 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, Liquiditytokens is 1 of 144 documented business logic flaw incidents.

Liquiditytokens in Context

At $200K, the Liquiditytokens 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 Liquiditytokens

The nearest business logic flaw incident before Liquiditytokens was EXcommunity, 3 days earlier on May 28, 2024. The same exploit class surfaced again within the business logic flaw attack surface.

Impact & Recovery for Liquiditytokens

Liquiditytokens Loss Figure

The Liquiditytokens exploit caused $200,000 in losses — a minor (<$1M) incident and the 42nd largest of 188 documented in 2024. This single incident represents 0.1% of all tracked losses that year.

Where Liquiditytokens Sits Among Business Logic Flaw Attacks

Ranked by loss size, Liquiditytokens is the 29th largest of 144 business logic flaw incidents documented. That puts the Liquiditytokens loss below the class average of $6.08M.

Timeline Since the Liquiditytokens Incident

The Liquiditytokens exploit occurred 1.9 years ago (683 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.

Primary Reference for Liquiditytokens

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

FAQ

How much did Liquiditytokens lose?

The Liquiditytokens exploit in May 2024 resulted in $200,000 in losses — the 42nd largest of 188 DeFi incidents that year.

When did the Liquiditytokens hack happen?

The Liquiditytokens exploit was recorded on May 31, 2024 — 683 days ago.

What type of exploit hit Liquiditytokens?

The Liquiditytokens 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 Liquiditytokens?

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

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

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

What is the study's perspective on the regulation of cryptocurrencies?

The study suggests a trend towards regulation of cryptocurrencies to provide protection and reduce moral hazards.

What significant challenges does the rapid expansion of IoT introduce in data authentication?

Balancing scalability and security, computational and storage bottlenecks.