shield Other · $34M loss

Akutar NFT Hack: How $34M Was Lost in a Other (2022)

On April 2022, Akutar NFT was exploited in a other, resulting in approximately $34M in losses. That makes the Akutar NFT exploit the 17th largest DeFi incident out of 690 documented in our archive.

Attack Mechanics: How the Akutar NFT Other Played Out

Exploit Class Applied to Akutar NFT

The Akutar NFT incident on April 23, 2022 is classified as a Other. A specific exploit class outside the most common buckets. In the full archive, Akutar NFT is 1 of 188 documented other incidents.

Akutar NFT in Context

At $34M, the Akutar NFT exploit is a major ($10M–$100M) event compared to the largest same-class incident in our archive — MIMSpell (2024) at $65M.

Prior Other Before Akutar NFT

The nearest other incident before Akutar NFT was Zeed Finance, 2 days earlier on April 21, 2022 ($1 lost). The same exploit class surfaced again within the other attack surface.

Akutar NFT Vulnerability Signature

The primary source categorises the Akutar NFT exploit specifically as “Denial of Service”. This narrower label is entity-specific: it reflects how the Akutar NFT contract failed, rather than the broad other pattern alone.

Impact & Recovery for Akutar NFT

Akutar NFT Loss Figure

The Akutar NFT exploit caused $34,000,000 in losses — a major ($10M–$100M) incident and the 2nd largest of 129 documented in 2022. This single incident represents 15.3% of all tracked losses that year.

Where Akutar NFT Sits Among Other Attacks

Ranked by loss size, Akutar NFT is the 3rd largest of 188 other incidents documented. That puts the Akutar NFT loss above the class average of $2.03M.

Timeline Since the Akutar NFT Incident

The Akutar NFT exploit occurred 4 years ago (1,452 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.

Primary Reference for Akutar NFT

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

FAQ

How much did Akutar NFT lose?

The Akutar NFT exploit in April 2022 resulted in $34,000,000 in losses — the 2nd largest of 129 DeFi incidents that year.

When did the Akutar NFT hack happen?

The Akutar NFT exploit was recorded on April 23, 2022 — 1,452 days ago.

What type of exploit hit Akutar NFT?

The Akutar NFT incident is classified as a Other. A specific exploit class outside the most common buckets.

How common is the Other pattern seen at Akutar NFT?

Our archive contains 188 documented other incidents. The Akutar NFT incident is one of them.

How does Akutar NFT compare to the largest Other attack?

The largest other incident in our archive is MIMSpell (2024) at $65M. The Akutar NFT loss is $34M.

How does the blockchain technology behind cryptocurrencies work?

Blockchain maintains a secure and decentralized record of transactions across a network of computers.

What are the two main equations of the GARCH (1,1) model?

The two main equations include the conditional mean equation, describing the behavior of sampled returns and the error term, and the conditional variance equation, outlining the variance of returns.