On May 2022, NOVO Protocol suffered a oracle manipulation — the first of 19 documented oracle manipulation incidents in our archive where the loss figure was not publicly disclosed but the exploit pattern is documented below.
Attack Mechanics: How the NOVO Protocol Oracle Manipulation Played Out
Exploit Class Applied to NOVO Protocol
The NOVO Protocol incident on May 29, 2022 is classified as a Oracle Manipulation. The attacker skews the price feed the protocol trusts — often via a thin DEX pool — forcing the contract to misprice collateral. In the full archive, NOVO Protocol is 1 of 19 documented oracle manipulation incidents.
NOVO Protocol in Context
The NOVO Protocol incident joins a class whose largest loss to date is – BonqDAO (2023) at $88M.
Prior Oracle Manipulation Before NOVO Protocol
The nearest oracle manipulation incident before NOVO Protocol was Fortress Loans, 21 days earlier on May 8, 2022. The same exploit class surfaced again within the oracle manipulation attack surface.
NOVO Protocol Vulnerability Signature
The primary source categorises the NOVO Protocol exploit specifically as “Flashloan & Price Oracle Manipulation”. This narrower label is entity-specific: it reflects how the NOVO Protocol contract failed, rather than the broad oracle manipulation pattern alone.
Impact & Recovery for NOVO Protocol
NOVO Protocol Loss Figure
The loss figure for NOVO Protocol 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 19 oracle manipulation incidents in our archive is $9.69M.
Timeline Since the NOVO Protocol Incident
The NOVO Protocol exploit occurred 3.9 years ago (1,416 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for NOVO Protocol
Public post-mortem / on-chain analysis for the NOVO Protocol incident: view source.
FAQ
How much did NOVO Protocol lose?
The NOVO Protocol 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 NOVO Protocol hack happen?
The NOVO Protocol exploit was recorded on May 29, 2022 — 1,416 days ago.
What type of exploit hit NOVO Protocol?
The NOVO Protocol incident is classified as a Oracle Manipulation. The attacker skews the price feed the protocol trusts — often via a thin DEX pool — forcing the contract to misprice collateral.
How common is the Oracle Manipulation pattern seen at NOVO Protocol?
Our archive contains 19 documented oracle manipulation incidents. The NOVO Protocol incident is one of them.
How does NOVO Protocol compare to the largest Oracle Manipulation attack?
The largest oracle manipulation incident in our archive is – BonqDAO (2023) at $88M. The NOVO Protocol loss was not publicly disclosed.
What is the significance of using a heatmap matrix in the study?
The heatmap matrix visualizes the diverse trading performance of multiple BB trading rules, aiding in observing and evaluating outcomes to apply knowledge to investment practice.
What is the Prisma method used in the study?
Prisma is a systematic literature review methodology used in the study.