shield Price Manipulation

GoodCompound Exploit: Price Manipulation Incident Explained (2023)

On December 2023, GoodCompound suffered a price manipulation on Ethereum — 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.

Attack Mechanics: How the GoodCompound Price Manipulation Played Out

Exploit Class Applied to GoodCompound

The GoodCompound incident on December 11, 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, GoodCompound is 1 of 85 documented price manipulation incidents.

GoodCompound in Context

The GoodCompound incident joins a class whose largest loss to date is CreamFinance (2021) at $130M.

Prior Price Manipulation Before GoodCompound

The nearest price manipulation incident before GoodCompound was BCT, 2 days earlier on December 9, 2023. The same exploit class surfaced again within the price manipulation attack surface.

Target Chain: Ethereum

The vulnerable GoodCompound contract was deployed on Ethereum — one of 9 documented incidents on Ethereum. This determines the block cadence, mempool, and forensic tooling available to investigators.

Impact & Recovery for GoodCompound

GoodCompound Loss Figure

The loss figure for GoodCompound 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 GoodCompound Incident

The GoodCompound exploit occurred 2.3 years ago (855 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.

Primary Reference for GoodCompound

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

FAQ

How much did GoodCompound lose?

The GoodCompound 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 GoodCompound hack happen?

The GoodCompound exploit was recorded on December 11, 2023 — 855 days ago.

What type of exploit hit GoodCompound?

The GoodCompound 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.

Which blockchain was GoodCompound deployed on?

The GoodCompound contract was deployed on Ethereum, one of 9 documented incidents on that chain.

How does GoodCompound compare to the largest Price Manipulation attack?

The largest price manipulation incident in our archive is CreamFinance (2021) at $130M. The GoodCompound loss was not publicly disclosed.

How does blockchain technology contribute to data security in remote healthcare monitoring?

By providing a tamper-proof, decentralized ledger for recording and verifying transactions securely.

What is the primary focus of the document?

Analyzing the impacts of COVID-19 on business, economics, finance, tourism, and public health.