On July 2023, LUSD was exploited in a price manipulation, resulting in approximately $9.5K in losses. That makes the LUSD exploit the 390th largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the LUSD Price Manipulation Played Out
Exploit Class Applied to LUSD
The LUSD incident on July 7, 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, LUSD is 1 of 85 documented price manipulation incidents.
LUSD in Context
At $9.5K, the LUSD exploit is a minor (<$1M) event compared to the largest same-class incident in our archive — CreamFinance (2021) at $130M.
Prior Price Manipulation Before LUSD
The nearest price manipulation incident before LUSD was BambooIA, 3 days earlier on July 4, 2023. The same exploit class surfaced again within the price manipulation attack surface.
LUSD Vulnerability Signature
The primary source categorises the LUSD exploit specifically as “Price manipulation attack”. This narrower label is entity-specific: it reflects how the LUSD contract failed, rather than the broad price manipulation pattern alone.
Impact & Recovery for LUSD
LUSD Loss Figure
The LUSD exploit caused $9,464 in losses — a minor (<$1M) incident and the 139th largest of 214 documented in 2023.
Where LUSD Sits Among Price Manipulation Attacks
Ranked by loss size, LUSD is the 56th largest of 85 price manipulation incidents documented. That puts the LUSD loss below the class average of $3.9M.
Timeline Since the LUSD Incident
The LUSD exploit occurred 2.8 years ago (1,012 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for LUSD
Public post-mortem / on-chain analysis for the LUSD incident: view source.
FAQ
How much did LUSD lose?
The LUSD exploit in July 2023 resulted in $9,464 in losses — the 139th largest of 214 DeFi incidents that year.
When did the LUSD hack happen?
The LUSD exploit was recorded on July 7, 2023 — 1,012 days ago.
What type of exploit hit LUSD?
The LUSD 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 LUSD?
Our archive contains 85 documented price manipulation incidents. The LUSD incident is one of them.
How does LUSD compare to the largest Price Manipulation attack?
The largest price manipulation incident in our archive is CreamFinance (2021) at $130M. The LUSD loss is $9.5K.
What significant improvement does the GBDT-Dual-channel Graph Attention Network (GBDT-DGAN) provide?
It enhances fraud identification accuracy and network data transmission security.
What is the main focus of the study?
Analyzing the impact of ESG performance on firm value in Brazil.