shield Price Manipulation · $53K loss

CAROLProtocol Hack: How $53K Was Lost in a Price Manipulation (2023)

On November 2023, CAROLProtocol was exploited in a price manipulation, resulting in approximately $53K in losses. That makes the CAROLProtocol exploit the 263rd largest DeFi incident out of 690 documented in our archive.

Attack Mechanics: How the CAROLProtocol Price Manipulation Played Out

Exploit Class Applied to CAROLProtocol

The CAROLProtocol incident on November 30, 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, CAROLProtocol is 1 of 85 documented price manipulation incidents.

CAROLProtocol in Context

At $53K, the CAROLProtocol exploit is a minor (<$1M) event compared to the largest same-class incident in our archive — CreamFinance (2021) at $130M.

Prior Price Manipulation Before CAROLProtocol

The nearest price manipulation incident before CAROLProtocol was Burntbubba, 1 day earlier on November 29, 2023 ($3K lost). The same exploit class surfaced again within the price manipulation attack surface.

CAROLProtocol Vulnerability Signature

The primary source categorises the CAROLProtocol exploit specifically as “Price Manipulation Via Reentrancy”. This narrower label is entity-specific: it reflects how the CAROLProtocol contract failed, rather than the broad price manipulation pattern alone.

Impact & Recovery for CAROLProtocol

CAROLProtocol Loss Figure

The CAROLProtocol exploit caused $53,000 in losses — a minor (<$1M) incident and the 101st largest of 214 documented in 2023.

Where CAROLProtocol Sits Among Price Manipulation Attacks

Ranked by loss size, CAROLProtocol is the 39th largest of 85 price manipulation incidents documented. That puts the CAROLProtocol loss below the class average of $3.9M.

Timeline Since the CAROLProtocol Incident

The CAROLProtocol exploit occurred 2.4 years ago (866 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.

Primary Reference for CAROLProtocol

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

FAQ

How much did CAROLProtocol lose?

The CAROLProtocol exploit in November 2023 resulted in $53,000 in losses — the 101st largest of 214 DeFi incidents that year.

When did the CAROLProtocol hack happen?

The CAROLProtocol exploit was recorded on November 30, 2023 — 866 days ago.

What type of exploit hit CAROLProtocol?

The CAROLProtocol 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 CAROLProtocol?

Our archive contains 85 documented price manipulation incidents. The CAROLProtocol incident is one of them.

How does CAROLProtocol compare to the largest Price Manipulation attack?

The largest price manipulation incident in our archive is CreamFinance (2021) at $130M. The CAROLProtocol loss is $53K.

What are the key benefits of using smart contracts and cryptocurrencies in tourism as identified in the study?

Smart contracts and cryptocurrencies streamline processes, improve efficiency, and could potentially reduce costs.

What type of assets are cryptocurrencies considered in the study?

Cryptocurrencies are considered both as a means of payment and a financial asset.