On November 2023, SwampFinance 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 SwampFinance Business Logic Flaw Played Out
Exploit Class Applied to SwampFinance
The SwampFinance incident on November 1, 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, SwampFinance is 1 of 144 documented business logic flaw incidents.
SwampFinance in Context
The SwampFinance incident joins a class whose largest loss to date is – EulerFinance (2023) at $200M.
Prior Business Logic Flaw Before SwampFinance
The nearest business logic flaw incident before SwampFinance was AstridProtocol, 4 days earlier on October 28, 2023. The same exploit class surfaced again within the business logic flaw attack surface.
Impact & Recovery for SwampFinance
SwampFinance Loss Figure
The loss figure for SwampFinance 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 SwampFinance Incident
The SwampFinance exploit occurred 2.5 years ago (895 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for SwampFinance
Public post-mortem / on-chain analysis for the SwampFinance incident: view source.
FAQ
How much did SwampFinance lose?
The SwampFinance 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 SwampFinance hack happen?
The SwampFinance exploit was recorded on November 1, 2023 — 895 days ago.
What type of exploit hit SwampFinance?
The SwampFinance 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 SwampFinance?
Our archive contains 144 documented business logic flaw incidents. The SwampFinance incident is one of them.
How does SwampFinance compare to the largest Business Logic Flaw attack?
The largest business logic flaw incident in our archive is – EulerFinance (2023) at $200M. The SwampFinance loss was not publicly disclosed.
Which stock market is analyzed in the document?
The Tehran Stock Exchange.
Which sectors are highlighted as being significantly affected by COVID-19?
Tourism, travel, hospitality, and supply chains.