On May 2023, LW was exploited in a price manipulation, resulting in approximately $50K in losses. That makes the LW exploit the 269th largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the LW Price Manipulation Played Out
Exploit Class Applied to LW
The LW incident on May 12, 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, LW is 1 of 85 documented price manipulation incidents.
LW in Context
At $50K, the LW exploit is a minor (<$1M) event compared to the largest same-class incident in our archive — CreamFinance (2021) at $130M.
Prior Price Manipulation Before LW
The nearest price manipulation incident before LW was NeverFall, 9 days earlier on May 3, 2023 ($74K lost). The same exploit class surfaced again within the price manipulation attack surface.
LW Vulnerability Signature
The primary source categorises the LW exploit specifically as “FlashLoan Price Manipulation”. This narrower label is entity-specific: it reflects how the LW contract failed, rather than the broad price manipulation pattern alone.
Impact & Recovery for LW
LW Loss Figure
The LW exploit caused $50,000 in losses — a minor (<$1M) incident and the 104th largest of 214 documented in 2023.
Where LW Sits Among Price Manipulation Attacks
Ranked by loss size, LW is the 42nd largest of 85 price manipulation incidents documented. That puts the LW loss below the class average of $3.9M.
Timeline Since the LW Incident
The LW exploit occurred 2.9 years ago (1,068 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for LW
Public post-mortem / on-chain analysis for the LW incident: view source.
FAQ
How much did LW lose?
The LW exploit in May 2023 resulted in $50,000 in losses — the 104th largest of 214 DeFi incidents that year.
When did the LW hack happen?
The LW exploit was recorded on May 12, 2023 — 1,068 days ago.
What type of exploit hit LW?
The LW 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 LW?
Our archive contains 85 documented price manipulation incidents. The LW incident is one of them.
How does LW compare to the largest Price Manipulation attack?
The largest price manipulation incident in our archive is CreamFinance (2021) at $130M. The LW loss is $50K.
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