On June 2024, VeloCore was exploited in a other, resulting in approximately $6.88M in losses. That makes the VeloCore exploit the 40th largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the VeloCore Other Played Out
Exploit Class Applied to VeloCore
The VeloCore incident on June 1, 2024 is classified as a Other. A specific exploit class outside the most common buckets. In the full archive, VeloCore is 1 of 188 documented other incidents.
VeloCore in Context
At $6.88M, the VeloCore exploit is a significant ($1M–$10M) event compared to the largest same-class incident in our archive — MIMSpell (2024) at $65M.
Prior Other Before VeloCore
The nearest other incident before VeloCore was SCROLL, 3 days earlier on May 29, 2024. The same exploit class surfaced again within the other attack surface.
VeloCore Vulnerability Signature
The primary source categorises the VeloCore exploit specifically as “lack-of-access-control”. This narrower label is entity-specific: it reflects how the VeloCore contract failed, rather than the broad other pattern alone.
Impact & Recovery for VeloCore
VeloCore Loss Figure
The VeloCore exploit caused $6,880,000 in losses — a significant ($1M–$10M) incident and the 11th largest of 188 documented in 2024. This single incident represents 1.9% of all tracked losses that year.
Where VeloCore Sits Among Other Attacks
Ranked by loss size, VeloCore is the 8th largest of 188 other incidents documented. That puts the VeloCore loss above the class average of $2.03M.
Timeline Since the VeloCore Incident
The VeloCore exploit occurred 1.9 years ago (682 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for VeloCore
Public post-mortem / on-chain analysis for the VeloCore incident: view source.
FAQ
How much did VeloCore lose?
The VeloCore exploit in June 2024 resulted in $6,880,000 in losses — the 11th largest of 188 DeFi incidents that year.
When did the VeloCore hack happen?
The VeloCore exploit was recorded on June 1, 2024 — 682 days ago.
What type of exploit hit VeloCore?
The VeloCore incident is classified as a Other. A specific exploit class outside the most common buckets.
How common is the Other pattern seen at VeloCore?
Our archive contains 188 documented other incidents. The VeloCore incident is one of them.
How does VeloCore compare to the largest Other attack?
The largest other incident in our archive is MIMSpell (2024) at $65M. The VeloCore loss is $6.88M.
What role do adaptor signatures play in payment channel networks (PCNs)?
Adaptor signatures serve as a crucial technology for PCNs, enabling fair exchanges and addressing scalability and throughput issues in blockchains.
Describe the significance of the weighted threshold in the BBDSPP scheme.
The weighted threshold allows for flexible and dynamic access control, tailoring data sharing permissions based on specific needs.