On October 2024, LavaLending was exploited in a price manipulation, resulting in approximately $1 in losses. That makes the LavaLending exploit the 474th largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the LavaLending Price Manipulation Played Out
Exploit Class Applied to LavaLending
The LavaLending incident on October 2, 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, LavaLending is 1 of 85 documented price manipulation incidents.
LavaLending in Context
At $1, the LavaLending exploit is a minor (<$1M) event compared to the largest same-class incident in our archive — CreamFinance (2021) at $130M.
Prior Price Manipulation Before LavaLending
The nearest price manipulation incident before LavaLending was PestoToken, 9 days earlier on September 23, 2024 ($1.4K lost). The same exploit class surfaced again within the price manipulation attack surface.
Impact & Recovery for LavaLending
LavaLending Loss Figure
The LavaLending exploit caused $1 in losses — a minor (<$1M) incident and the 136th largest of 188 documented in 2024.
Where LavaLending Sits Among Price Manipulation Attacks
Ranked by loss size, LavaLending is the 66th largest of 85 price manipulation incidents documented. That puts the LavaLending loss below the class average of $3.9M.
Timeline Since the LavaLending Incident
The LavaLending exploit occurred 1.5 years ago (559 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
FAQ
How much did LavaLending lose?
The LavaLending exploit in October 2024 resulted in $1 in losses — the 136th largest of 188 DeFi incidents that year.
When did the LavaLending hack happen?
The LavaLending exploit was recorded on October 2, 2024 — 559 days ago.
What type of exploit hit LavaLending?
The LavaLending 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 LavaLending?
Our archive contains 85 documented price manipulation incidents. The LavaLending incident is one of them.
How does LavaLending compare to the largest Price Manipulation attack?
The largest price manipulation incident in our archive is CreamFinance (2021) at $130M. The LavaLending loss is $1.
What is the significance of unsupervised learning in stock market analysis?
Identifying patterns or correlations in uncorrelated datasets like stock markets.
What methodologies were used to evaluate the effectiveness of the proposed system?
The system was assessed through simulations, security analysis, and performance metrics to determine its efficiency and security.