On October 2023, BelugaDex was exploited in a price manipulation, resulting in approximately $175K in losses. That makes the BelugaDex exploit the 176th largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the BelugaDex Price Manipulation Played Out
Exploit Class Applied to BelugaDex
The BelugaDex incident on October 13, 2023 is classified as a Price Manipulation. The attacker drives the on-chain price of a token up or down within a single transaction to extract value from the protocol. In the full archive, BelugaDex is 1 of 85 documented price manipulation incidents.
BelugaDex in Context
At $175K, the BelugaDex exploit is a minor (<$1M) event compared to the largest same-class incident in our archive — CreamFinance (2021) at $130M.
Prior Price Manipulation Before BelugaDex
The nearest price manipulation incident before BelugaDex was BH, 2 days earlier on October 11, 2023 ($1.27M lost). The same exploit class surfaced again within the price manipulation attack surface.
Impact & Recovery for BelugaDex
BelugaDex Loss Figure
The BelugaDex exploit caused $175,000 in losses — a minor (<$1M) incident and the 68th largest of 214 documented in 2023.
Where BelugaDex Sits Among Price Manipulation Attacks
Ranked by loss size, BelugaDex is the 20th largest of 85 price manipulation incidents documented. That puts the BelugaDex loss below the class average of $3.9M.
Timeline Since the BelugaDex Incident
The BelugaDex exploit occurred 2.5 years ago (914 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for BelugaDex
Public post-mortem / on-chain analysis for the BelugaDex incident: view source.
FAQ
How much did BelugaDex lose?
The BelugaDex exploit in October 2023 resulted in $175,000 in losses — the 68th largest of 214 DeFi incidents that year.
When did the BelugaDex hack happen?
The BelugaDex exploit was recorded on October 13, 2023 — 914 days ago.
What type of exploit hit BelugaDex?
The BelugaDex incident is classified as a Price Manipulation. The attacker drives the on-chain price of a token up or down within a single transaction to extract value from the protocol.
How common is the Price Manipulation pattern seen at BelugaDex?
Our archive contains 85 documented price manipulation incidents. The BelugaDex incident is one of them.
How does BelugaDex compare to the largest Price Manipulation attack?
The largest price manipulation incident in our archive is CreamFinance (2021) at $130M. The BelugaDex loss is $175K.
How do Bollinger Bands contribute to trading strategies according to the study?
Bollinger Bands dynamically adapt to market volatility, providing a robust framework for identifying potential price reversals and enhancing trading adaptability.
Which model showed the best performance for predicting Bitcoin market movements?
The Multi-Layer Perceptron (MLP) model.