shield Price Manipulation · $3.3K loss

MAMO Hack: How $3.3K Was Lost in a Price Manipulation (2023)

On December 2023, MAMO was exploited in a price manipulation on BNB Chain, resulting in approximately $3.3K in losses. That makes the MAMO exploit the 420th largest DeFi incident out of 690 documented in our archive.

Attack Mechanics: How the MAMO Price Manipulation Played Out

Exploit Class Applied to MAMO

The MAMO incident on December 5, 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, MAMO is 1 of 85 documented price manipulation incidents.

MAMO in Context

At $3.3K, the MAMO exploit is a minor (<$1M) event compared to the largest same-class incident in our archive — CreamFinance (2021) at $130M.

Prior Price Manipulation Before MAMO

The nearest price manipulation incident before MAMO was CAROLProtocol, 5 days earlier on November 30, 2023 ($53K lost). The same exploit class surfaced again within the price manipulation attack surface.

Target Chain: BNB Chain

The vulnerable MAMO contract was deployed on BNB Chain — one of 23 documented incidents on BNB Chain. This determines the block cadence, mempool, and forensic tooling available to investigators.

Impact & Recovery for MAMO

MAMO Loss Figure

The MAMO exploit caused $3,300 in losses — a minor (<$1M) incident and the 151st largest of 214 documented in 2023.

Where MAMO Sits Among Price Manipulation Attacks

Ranked by loss size, MAMO is the 61st largest of 85 price manipulation incidents documented. That puts the MAMO loss below the class average of $3.9M.

Timeline Since the MAMO Incident

The MAMO exploit occurred 2.4 years ago (861 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.

Primary Reference for MAMO

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

FAQ

How much did MAMO lose?

The MAMO exploit in December 2023 resulted in $3,300 in losses — the 151st largest of 214 DeFi incidents that year.

When did the MAMO hack happen?

The MAMO exploit was recorded on December 5, 2023 — 861 days ago.

What type of exploit hit MAMO?

The MAMO 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 MAMO deployed on?

The MAMO contract was deployed on BNB Chain, one of 23 documented incidents on that chain.

How does MAMO compare to the largest Price Manipulation attack?

The largest price manipulation incident in our archive is CreamFinance (2021) at $130M. The MAMO loss is $3.3K.

What are the key components of the proposed blockchain-enabled remote healthcare monitoring system?

The system includes IoT devices for data collection, blockchain for secure data storage, and smart contracts for automated data management.

What findings does the study reveal about the relationship between trading volume and cryptocurrency volatility using the GARCH (1,1) model?

The study finds a strong positive effect of trading volume on the volatility of cryptocurrency returns, highlighting its significant impact.