On July 2023, Conic Finance 02 was exploited in a price manipulation, resulting in approximately $934K in losses. That makes the Conic Finance 02 exploit the 93rd largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the Conic Finance 02 Price Manipulation Played Out
Exploit Class Applied to Conic Finance 02
The Conic Finance 02 incident on July 22, 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, Conic Finance 02 is 1 of 85 documented price manipulation incidents.
Conic Finance 02 in Context
At $934K, the Conic Finance 02 exploit is a minor (<$1M) event compared to the largest same-class incident in our archive — CreamFinance (2021) at $130M.
Prior Price Manipulation Before Conic Finance 02
The nearest price manipulation incident before Conic Finance 02 was LUSD, 15 days earlier on July 7, 2023 ($9.5K lost). The same exploit class surfaced again within the price manipulation attack surface.
Impact & Recovery for Conic Finance 02
Conic Finance 02 Loss Figure
The Conic Finance 02 exploit caused $934,000 in losses — a minor (<$1M) incident and the 34th largest of 214 documented in 2023. This single incident represents 0.1% of all tracked losses that year.
Where Conic Finance 02 Sits Among Price Manipulation Attacks
Ranked by loss size, Conic Finance 02 is the 16th largest of 85 price manipulation incidents documented. That puts the Conic Finance 02 loss below the class average of $3.9M.
Timeline Since the Conic Finance 02 Incident
The Conic Finance 02 exploit occurred 2.7 years ago (997 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for Conic Finance 02
Public post-mortem / on-chain analysis for the Conic Finance 02 incident: view source.
FAQ
How much did Conic Finance 02 lose?
The Conic Finance 02 exploit in July 2023 resulted in $934,000 in losses — the 34th largest of 214 DeFi incidents that year.
When did the Conic Finance 02 hack happen?
The Conic Finance 02 exploit was recorded on July 22, 2023 — 997 days ago.
What type of exploit hit Conic Finance 02?
The Conic Finance 02 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 Conic Finance 02?
Our archive contains 85 documented price manipulation incidents. The Conic Finance 02 incident is one of them.
How does Conic Finance 02 compare to the largest Price Manipulation attack?
The largest price manipulation incident in our archive is CreamFinance (2021) at $130M. The Conic Finance 02 loss is $934K.
What statistical tests were applied besides the GARCH model?
Descriptive statistics, unit root tests, and ARCH effect tests.
What is the significance of hybrid deep learning models in the study?
Hybrid deep learning models are highlighted for their superior performance over other learning algorithms.