On July 2023, WGPT was exploited in a business logic flaw, resulting in approximately $80K in losses. That makes the WGPT exploit the 234th largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the WGPT Business Logic Flaw Played Out
Exploit Class Applied to WGPT
The WGPT incident on July 12, 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, WGPT is 1 of 144 documented business logic flaw incidents.
WGPT in Context
At $80K, the WGPT 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 WGPT
The nearest business logic flaw incident before WGPT was MyAi, 12 days earlier on June 30, 2023. The same exploit class surfaced again within the business logic flaw attack surface.
Impact & Recovery for WGPT
WGPT Loss Figure
The WGPT exploit caused $80,000 in losses — a minor (<$1M) incident and the 91st largest of 214 documented in 2023.
Where WGPT Sits Among Business Logic Flaw Attacks
Ranked by loss size, WGPT is the 44th largest of 144 business logic flaw incidents documented. That puts the WGPT loss below the class average of $6.08M.
Timeline Since the WGPT Incident
The WGPT exploit occurred 2.8 years ago (1,007 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for WGPT
Public post-mortem / on-chain analysis for the WGPT incident: view source.
FAQ
How much did WGPT lose?
The WGPT exploit in July 2023 resulted in $80,000 in losses — the 91st largest of 214 DeFi incidents that year.
When did the WGPT hack happen?
The WGPT exploit was recorded on July 12, 2023 — 1,007 days ago.
What type of exploit hit WGPT?
The WGPT 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 WGPT?
Our archive contains 144 documented business logic flaw incidents. The WGPT incident is one of them.
How does WGPT compare to the largest Business Logic Flaw attack?
The largest business logic flaw incident in our archive is – EulerFinance (2023) at $200M. The WGPT loss is $80K.
What technology facilitates the execution of decentralized applications on blockchain?
Smart contracts facilitate the execution of decentralized applications by enforcing terms automatically once conditions are met.
How does the document assess the efficiency and memory of cryptocurrencies?
By using the Hurst exponent to determine if cryptocurrencies have persistent, anti-persistent, or random behaviors.