On August 2023, EAC suffered a price manipulation — the first of 85 documented price manipulation incidents in our archive where the loss figure was not publicly disclosed but the exploit pattern is documented below.
the platform was exploited for $8 million as the hacker was able to trick the network into thinking they had deposited a range of funds, when they hadn’t, and then somehow getting a refund
Attack Mechanics: How the EAC Price Manipulation Played Out
Exploit Class Applied to EAC
The EAC incident on August 29, 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, EAC is 1 of 85 documented price manipulation incidents.
EAC in Context
The EAC incident joins a class whose largest loss to date is CreamFinance (2021) at $130M.
Prior Price Manipulation Before EAC
The nearest price manipulation incident before EAC was BTC20, 10 days earlier on August 19, 2023. The same exploit class surfaced again within the price manipulation attack surface.
Impact & Recovery for EAC
EAC Loss Figure
The loss figure for EAC is not publicly disclosed. The primary source reports the exploit in non-USD terms, so no USD estimate is published here. For reference, the average loss across 85 price manipulation incidents in our archive is $3.9M.
Timeline Since the EAC Incident
The EAC exploit occurred 2.6 years ago (959 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for EAC
Public post-mortem / on-chain analysis for the EAC incident: view source. Secondary narrative coverage: Thorchain suffers $8 million loss by hacker wanting to 'teach lesson'.
FAQ
How much did EAC lose?
The EAC loss figure is not publicly disclosed. The primary source reports the exploit in non-USD token terms, so no USD estimate is published here.
When did the EAC hack happen?
The EAC exploit was recorded on August 29, 2023 — 959 days ago.
What type of exploit hit EAC?
The EAC 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 EAC?
Our archive contains 85 documented price manipulation incidents. The EAC incident is one of them.
How does EAC compare to the largest Price Manipulation attack?
The largest price manipulation incident in our archive is CreamFinance (2021) at $130M. The EAC loss was not publicly disclosed.
What is the main focus of the study regarding blockchain technology in e-commerce?
The study focuses on analyzing cybersecurity challenges in e-commerce and exploring blockchain technology as a solution.
What is the main objective of the document's study?
To identify sustainable practices implemented by large corporations listed on the Corporate Sustainability Index in Brazil.