On November 2023, ShibaToken was exploited in a business logic flaw, resulting in approximately $31K in losses. That makes the ShibaToken exploit the 299th largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the ShibaToken Business Logic Flaw Played Out
Exploit Class Applied to ShibaToken
The ShibaToken incident on November 17, 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, ShibaToken is 1 of 144 documented business logic flaw incidents.
ShibaToken in Context
At $31K, the ShibaToken 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 ShibaToken
The nearest business logic flaw incident before ShibaToken was WECO, 1 day earlier on November 16, 2023 ($18K lost). The same exploit class surfaced again within the business logic flaw attack surface.
Impact & Recovery for ShibaToken
ShibaToken Loss Figure
The ShibaToken exploit caused $31,000 in losses — a minor (<$1M) incident and the 112th largest of 214 documented in 2023.
Where ShibaToken Sits Among Business Logic Flaw Attacks
Ranked by loss size, ShibaToken is the 59th largest of 144 business logic flaw incidents documented. That puts the ShibaToken loss below the class average of $6.08M.
Timeline Since the ShibaToken Incident
The ShibaToken exploit occurred 2.4 years ago (879 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
FAQ
How much did ShibaToken lose?
The ShibaToken exploit in November 2023 resulted in $31,000 in losses — the 112th largest of 214 DeFi incidents that year.
When did the ShibaToken hack happen?
The ShibaToken exploit was recorded on November 17, 2023 — 879 days ago.
What type of exploit hit ShibaToken?
The ShibaToken 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 ShibaToken?
Our archive contains 144 documented business logic flaw incidents. The ShibaToken incident is one of them.
How does ShibaToken compare to the largest Business Logic Flaw attack?
The largest business logic flaw incident in our archive is – EulerFinance (2023) at $200M. The ShibaToken loss is $31K.
What are the three pillars of ESG considered in the study?
Environmental, Social, and Governance (ESG).
What are the main cybersecurity threats to cloud manufacturing identified in the study?
Threats include cyber attacks on IIoT devices, insider threats, and vulnerabilities due to the interconnected nature of cloud manufacturing systems.