shield Price Manipulation · $150K loss

Carson Hack: How $150K Was Lost in a Price Manipulation (2023)

On July 2023, Carson was exploited in a price manipulation, resulting in approximately $150K in losses. That makes the Carson exploit the 185th largest DeFi incident out of 690 documented in our archive.

Attack Mechanics: How the Carson Price Manipulation Played Out

Exploit Class Applied to Carson

The Carson incident on July 26, 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, Carson is 1 of 85 documented price manipulation incidents.

Carson in Context

At $150K, the Carson exploit is a minor (<$1M) event compared to the largest same-class incident in our archive — CreamFinance (2021) at $130M.

Prior Price Manipulation Before Carson

The nearest price manipulation incident before Carson was Conic Finance 02, 4 days earlier on July 22, 2023 ($934K lost). The same exploit class surfaced again within the price manipulation attack surface.

Impact & Recovery for Carson

Carson Loss Figure

The Carson exploit caused $150,000 in losses — a minor (<$1M) incident and the 73rd largest of 214 documented in 2023.

Where Carson Sits Among Price Manipulation Attacks

Ranked by loss size, Carson is the 23rd largest of 85 price manipulation incidents documented. That puts the Carson loss below the class average of $3.9M.

Timeline Since the Carson Incident

The Carson exploit occurred 2.7 years ago (993 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.

Primary Reference for Carson

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

FAQ

How much did Carson lose?

The Carson exploit in July 2023 resulted in $150,000 in losses — the 73rd largest of 214 DeFi incidents that year.

When did the Carson hack happen?

The Carson exploit was recorded on July 26, 2023 — 993 days ago.

What type of exploit hit Carson?

The Carson 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 Carson?

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

How does Carson compare to the largest Price Manipulation attack?

The largest price manipulation incident in our archive is CreamFinance (2021) at $130M. The Carson loss is $150K.

What does UC stand for in the context of SALRS?

Universal Composability.

What role do smart contracts play in blockchain applications?

Smart contracts automate commercial agreements and transactions without the need for intermediaries, enhancing efficiency and reliability.