On May 2023, ERC20TokenBank was exploited in a price manipulation, resulting in approximately $111K in losses. That makes the ERC20TokenBank exploit the 203rd largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the ERC20TokenBank Price Manipulation Played Out
Exploit Class Applied to ERC20TokenBank
The ERC20TokenBank incident on May 31, 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, ERC20TokenBank is 1 of 85 documented price manipulation incidents.
ERC20TokenBank in Context
At $111K, the ERC20TokenBank exploit is a minor (<$1M) event compared to the largest same-class incident in our archive — CreamFinance (2021) at $130M.
Prior Price Manipulation Before ERC20TokenBank
The nearest price manipulation incident before ERC20TokenBank was Jimbo, 2 days earlier on May 29, 2023 ($8M lost). The same exploit class surfaced again within the price manipulation attack surface.
Impact & Recovery for ERC20TokenBank
ERC20TokenBank Loss Figure
The ERC20TokenBank exploit caused $111,000 in losses — a minor (<$1M) incident and the 79th largest of 214 documented in 2023.
Where ERC20TokenBank Sits Among Price Manipulation Attacks
Ranked by loss size, ERC20TokenBank is the 25th largest of 85 price manipulation incidents documented. That puts the ERC20TokenBank loss below the class average of $3.9M.
Timeline Since the ERC20TokenBank Incident
The ERC20TokenBank exploit occurred 2.9 years ago (1,049 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for ERC20TokenBank
Public post-mortem / on-chain analysis for the ERC20TokenBank incident: view source.
FAQ
How much did ERC20TokenBank lose?
The ERC20TokenBank exploit in May 2023 resulted in $111,000 in losses — the 79th largest of 214 DeFi incidents that year.
When did the ERC20TokenBank hack happen?
The ERC20TokenBank exploit was recorded on May 31, 2023 — 1,049 days ago.
What type of exploit hit ERC20TokenBank?
The ERC20TokenBank 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 ERC20TokenBank?
Our archive contains 85 documented price manipulation incidents. The ERC20TokenBank incident is one of them.
How does ERC20TokenBank compare to the largest Price Manipulation attack?
The largest price manipulation incident in our archive is CreamFinance (2021) at $130M. The ERC20TokenBank loss is $111K.
What does the study's analysis imply about the predictability of cryptocurrency prices?
The complexity and unique statistical behaviors of cryptocurrencies imply that price movements are challenging to predict with standard financial models.
Which computing paradigms provide support for local monitoring and control in smart buildings?
Edge and fog computing.