shield Price Manipulation · $1.4M loss

Caterpillar_Coin_CUT Hack: How $1.4M Was Lost in a Price Manipulation (2024)

On September 2024, Caterpillar_Coin_CUT was exploited in a price manipulation, resulting in approximately $1.4M in losses. That makes the Caterpillar_Coin_CUT exploit the 80th largest DeFi incident out of 690 documented in our archive.

Attack Mechanics: How the Caterpillar_Coin_CUT Price Manipulation Played Out

Exploit Class Applied to Caterpillar_Coin_CUT

The Caterpillar_Coin_CUT incident on September 10, 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, Caterpillar_Coin_CUT is 1 of 85 documented price manipulation incidents.

Caterpillar_Coin_CUT in Context

At $1.4M, the Caterpillar_Coin_CUT exploit is a significant ($1M–$10M) event compared to the largest same-class incident in our archive — CreamFinance (2021) at $130M.

Prior Price Manipulation Before Caterpillar_Coin_CUT

The nearest price manipulation incident before Caterpillar_Coin_CUT was HANAToken, 5 days earlier on September 5, 2024 ($283 lost). The same exploit class surfaced again within the price manipulation attack surface.

Impact & Recovery for Caterpillar_Coin_CUT

Caterpillar_Coin_CUT Loss Figure

The Caterpillar_Coin_CUT exploit caused $1,400,000 in losses — a significant ($1M–$10M) incident and the 18th largest of 188 documented in 2024. This single incident represents 0.4% of all tracked losses that year.

Where Caterpillar_Coin_CUT Sits Among Price Manipulation Attacks

Ranked by loss size, Caterpillar_Coin_CUT is the 14th largest of 85 price manipulation incidents documented. That puts the Caterpillar_Coin_CUT loss below the class average of $3.9M.

Timeline Since the Caterpillar_Coin_CUT Incident

The Caterpillar_Coin_CUT exploit occurred 1.6 years ago (581 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.

Primary Reference for Caterpillar_Coin_CUT

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

FAQ

How much did Caterpillar_Coin_CUT lose?

The Caterpillar_Coin_CUT exploit in September 2024 resulted in $1,400,000 in losses — the 18th largest of 188 DeFi incidents that year.

When did the Caterpillar_Coin_CUT hack happen?

The Caterpillar_Coin_CUT exploit was recorded on September 10, 2024 — 581 days ago.

What type of exploit hit Caterpillar_Coin_CUT?

The Caterpillar_Coin_CUT 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 Caterpillar_Coin_CUT?

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

How does Caterpillar_Coin_CUT compare to the largest Price Manipulation attack?

The largest price manipulation incident in our archive is CreamFinance (2021) at $130M. The Caterpillar_Coin_CUT loss is $1.4M.

What are the key benefits of blockchain for digital transactions?

Blockchain offers benefits such as enhanced security, reduced fraud risk, and the elimination of intermediaries in digital transactions.

What role does smart contract technology play in blockchain for e-commerce?

Smart contracts automate and secure transactions by executing terms of agreements based on predefined conditions.