On February 2024, BurnsDefi was exploited in a price manipulation, resulting in approximately $67K in losses. That makes the BurnsDefi exploit the 247th largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the BurnsDefi Price Manipulation Played Out
Exploit Class Applied to BurnsDefi
The BurnsDefi incident on February 5, 2024 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, BurnsDefi is 1 of 85 documented price manipulation incidents.
BurnsDefi in Context
At $67K, the BurnsDefi exploit is a minor (<$1M) event compared to the largest same-class incident in our archive — CreamFinance (2021) at $130M.
Prior Price Manipulation Before BurnsDefi
The nearest price manipulation incident before BurnsDefi was CitadelFinance, 9 days earlier on January 27, 2024 ($93K lost). The same exploit class surfaced again within the price manipulation attack surface.
Impact & Recovery for BurnsDefi
BurnsDefi Loss Figure
The BurnsDefi exploit caused $67,000 in losses — a minor (<$1M) incident and the 70th largest of 188 documented in 2024.
Where BurnsDefi Sits Among Price Manipulation Attacks
Ranked by loss size, BurnsDefi is the 35th largest of 85 price manipulation incidents documented. That puts the BurnsDefi loss below the class average of $3.9M.
Timeline Since the BurnsDefi Incident
The BurnsDefi exploit occurred 2.2 years ago (799 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for BurnsDefi
Public post-mortem / on-chain analysis for the BurnsDefi incident: view source.
FAQ
How much did BurnsDefi lose?
The BurnsDefi exploit in February 2024 resulted in $67,000 in losses — the 70th largest of 188 DeFi incidents that year.
When did the BurnsDefi hack happen?
The BurnsDefi exploit was recorded on February 5, 2024 — 799 days ago.
What type of exploit hit BurnsDefi?
The BurnsDefi 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 BurnsDefi?
Our archive contains 85 documented price manipulation incidents. The BurnsDefi incident is one of them.
How does BurnsDefi compare to the largest Price Manipulation attack?
The largest price manipulation incident in our archive is CreamFinance (2021) at $130M. The BurnsDefi loss is $67K.
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Internet of Things.
Which sustainability reporting guidelines are used by the firms in the study?
The Global Reporting Initiative (GRI) guidelines.