On January 2024, MIMSpell was exploited in a other, resulting in approximately $65M in losses. That makes the MIMSpell exploit the 11th largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the MIMSpell Other Played Out
Exploit Class Applied to MIMSpell
The MIMSpell incident on January 30, 2024 is classified as a Other. A specific exploit class outside the most common buckets. In the full archive, MIMSpell is 1 of 188 documented other incidents.
MIMSpell in Context
The $65M loss at MIMSpell is the largest other incident in our archive, ahead of RadiantCapital (2024, $45M).
Prior Other Before MIMSpell
The nearest other incident before MIMSpell was WiseLending, 18 days earlier on January 12, 2024 ($464K lost). The same exploit class surfaced again within the other attack surface.
MIMSpell Vulnerability Signature
The primary source categorises the MIMSpell exploit specifically as “Precission Loss”. This narrower label is entity-specific: it reflects how the MIMSpell contract failed, rather than the broad other pattern alone.
Impact & Recovery for MIMSpell
MIMSpell Loss Figure
The MIMSpell exploit caused $65,000,000 in losses — a major ($10M–$100M) incident and the 2nd largest of 188 documented in 2024. This single incident represents 17.7% of all tracked losses that year.
Where MIMSpell Sits Among Other Attacks
Ranked by loss size, MIMSpell is the 1st largest of 188 other incidents documented. That puts the MIMSpell loss above the class average of $2.03M.
Timeline Since the MIMSpell Incident
The MIMSpell exploit occurred 2.2 years ago (805 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for MIMSpell
Public post-mortem / on-chain analysis for the MIMSpell incident: view source.
FAQ
How much did MIMSpell lose?
The MIMSpell exploit in January 2024 resulted in $65,000,000 in losses — the 2nd largest of 188 DeFi incidents that year.
When did the MIMSpell hack happen?
The MIMSpell exploit was recorded on January 30, 2024 — 805 days ago.
What type of exploit hit MIMSpell?
The MIMSpell incident is classified as a Other. A specific exploit class outside the most common buckets.
How common is the Other pattern seen at MIMSpell?
Our archive contains 188 documented other incidents. The MIMSpell incident is one of them.
How does MIMSpell compare to the largest Other attack?
The largest other incident in our archive is RadiantCapital (2024) at $45M. The MIMSpell loss is $65M.
What are the research gaps identified in the current literature on blockchain in accounting?
Lack of comprehensive studies on blockchain’s regulatory aspects, risks in new technology adoption, and understanding of cryptocurrencies' tax and disclosure requirements.
Does the market significantly value all three ESG pillars?
No, the market values environmental and corporate governance but not social performance significantly.