shield Business Logic Flaw · $500K loss

The December 1, 2023 UnverifiedContr_0x431abb business logic flaw: where $500K went

On December 2023, UnverifiedContr_0x431abb was exploited in a business logic flaw, resulting in approximately $500K in losses. That makes the UnverifiedContr_0x431abb exploit the 117th largest DeFi incident out of 690 documented in our archive.

Attack Mechanics: How the UnverifiedContr_0x431abb Business Logic Flaw Played Out

Exploit Class Applied to UnverifiedContr_0x431abb

The UnverifiedContr_0x431abb incident on December 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, UnverifiedContr_0x431abb is 1 of 144 documented business logic flaw incidents.

UnverifiedContr_0x431abb in Context

At $500K, the UnverifiedContr_0x431abb 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 UnverifiedContr_0x431abb

The nearest business logic flaw incident before UnverifiedContr_0x431abb was TheNFTV2, 6 days earlier on November 25, 2023 ($19K lost). The same exploit class surfaced again within the business logic flaw attack surface.

Impact & Recovery for UnverifiedContr_0x431abb

UnverifiedContr_0x431abb Loss Figure

The UnverifiedContr_0x431abb exploit caused $500,000 in losses — a minor (<$1M) incident and the 47th largest of 214 documented in 2023. This single incident represents 0.1% of all tracked losses that year.

Where UnverifiedContr_0x431abb Sits Among Business Logic Flaw Attacks

Ranked by loss size, UnverifiedContr_0x431abb is the 22nd largest of 144 business logic flaw incidents documented. That puts the UnverifiedContr_0x431abb loss below the class average of $6.08M.

Timeline Since the UnverifiedContr_0x431abb Incident

The UnverifiedContr_0x431abb exploit occurred 2.4 years ago (865 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.

Primary Reference for UnverifiedContr_0x431abb

Public post-mortem / on-chain analysis for the UnverifiedContr_0x431abb incident: view source.

FAQ

How much did UnverifiedContr_0x431abb lose?

The UnverifiedContr_0x431abb exploit in December 2023 resulted in $500,000 in losses — the 47th largest of 214 DeFi incidents that year.

When did the UnverifiedContr_0x431abb hack happen?

The UnverifiedContr_0x431abb exploit was recorded on December 1, 2023 — 865 days ago.

What type of exploit hit UnverifiedContr_0x431abb?

The UnverifiedContr_0x431abb 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 UnverifiedContr_0x431abb?

Our archive contains 144 documented business logic flaw incidents. The UnverifiedContr_0x431abb incident is one of them.

How does UnverifiedContr_0x431abb compare to the largest Business Logic Flaw attack?

The largest business logic flaw incident in our archive is – EulerFinance (2023) at $200M. The UnverifiedContr_0x431abb loss is $500K.

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