shield Business Logic Flaw · $8K loss

SUT July 2023 Business Logic Flaw: $8K stolen

On July 2023, SUT was exploited in a business logic flaw, resulting in approximately $8K in losses. That makes the SUT exploit the 395th largest DeFi incident out of 690 documented in our archive.

Attack Mechanics: How the SUT Business Logic Flaw Played Out

Exploit Class Applied to SUT

The SUT incident on July 21, 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, SUT is 1 of 144 documented business logic flaw incidents.

SUT in Context

At $8K, the SUT 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 SUT

The nearest business logic flaw incident before SUT was FFIST, 1 day earlier on July 20, 2023 ($110K lost). The same exploit class surfaced again within the business logic flaw attack surface.

Impact & Recovery for SUT

SUT Loss Figure

The SUT exploit caused $8,000 in losses — a minor (<$1M) incident and the 141st largest of 214 documented in 2023.

Where SUT Sits Among Business Logic Flaw Attacks

Ranked by loss size, SUT is the 88th largest of 144 business logic flaw incidents documented. That puts the SUT loss below the class average of $6.08M.

Timeline Since the SUT Incident

The SUT exploit occurred 2.7 years ago (998 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.

Primary Reference for SUT

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

FAQ

How much did SUT lose?

The SUT exploit in July 2023 resulted in $8,000 in losses — the 141st largest of 214 DeFi incidents that year.

When did the SUT hack happen?

The SUT exploit was recorded on July 21, 2023 — 998 days ago.

What type of exploit hit SUT?

The SUT 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 SUT?

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

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

The largest business logic flaw incident in our archive is – EulerFinance (2023) at $200M. The SUT loss is $8K.

How does the framework address the scalability challenges associated with blockchain?

By integrating a layered blockchain structure with L2 solutions for improved performance.

Describe the security mechanisms employed to protect data in the system.

Encryption, role-based access control, and smart contract protocols ensure secure data storage and access.