On April 2024, SATX 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 SATX Business Logic Flaw Played Out
Exploit Class Applied to SATX
The SATX incident on April 16, 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, SATX is 1 of 144 documented business logic flaw incidents.
SATX in Context
The SATX incident joins a class whose largest loss to date is – EulerFinance (2023) at $200M.
Prior Business Logic Flaw Before SATX
The nearest business logic flaw incident before SATX was Hackathon, 2 days earlier on April 14, 2024 ($20K lost). The same exploit class surfaced again within the business logic flaw attack surface.
SATX Vulnerability Signature
The primary source categorises the SATX exploit specifically as “Logic Flaw”. This narrower label is entity-specific: it reflects how the SATX contract failed, rather than the broad business logic flaw pattern alone.
Impact & Recovery for SATX
SATX Loss Figure
The loss figure for SATX 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 SATX Incident
The SATX exploit occurred 2 years ago (728 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for SATX
Public post-mortem / on-chain analysis for the SATX incident: view source.
FAQ
How much did SATX lose?
The SATX 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 SATX hack happen?
The SATX exploit was recorded on April 16, 2024 — 728 days ago.
What type of exploit hit SATX?
The SATX 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 SATX?
Our archive contains 144 documented business logic flaw incidents. The SATX incident is one of them.
How does SATX compare to the largest Business Logic Flaw attack?
The largest business logic flaw incident in our archive is – EulerFinance (2023) at $200M. The SATX loss was not publicly disclosed.
Which cryptocurrency showed the highest level of volatility according to the study?
Dash was noted for having a particularly high level of volatility among the cryptocurrencies analyzed.
What challenge do cryptocurrencies present to traditional financial systems?
They challenge traditional financial systems with their potential for disintermediation and regulatory evasion.