On October 2023, MicDao was exploited in a price manipulation, resulting in approximately $13K in losses. That makes the MicDao exploit the 368th largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the MicDao Price Manipulation Played Out
Exploit Class Applied to MicDao
The MicDao incident on October 18, 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, MicDao is 1 of 85 documented price manipulation incidents.
MicDao in Context
At $13K, the MicDao exploit is a minor (<$1M) event compared to the largest same-class incident in our archive — CreamFinance (2021) at $130M.
Prior Price Manipulation Before MicDao
The nearest price manipulation incident before MicDao was BelugaDex, 5 days earlier on October 13, 2023 ($175K lost). The same exploit class surfaced again within the price manipulation attack surface.
Impact & Recovery for MicDao
MicDao Loss Figure
The MicDao exploit caused $13,000 in losses — a minor (<$1M) incident and the 136th largest of 214 documented in 2023.
Where MicDao Sits Among Price Manipulation Attacks
Ranked by loss size, MicDao is the 53rd largest of 85 price manipulation incidents documented. That puts the MicDao loss below the class average of $3.9M.
Timeline Since the MicDao Incident
The MicDao exploit occurred 2.5 years ago (909 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for MicDao
Public post-mortem / on-chain analysis for the MicDao incident: view source.
FAQ
How much did MicDao lose?
The MicDao exploit in October 2023 resulted in $13,000 in losses — the 136th largest of 214 DeFi incidents that year.
When did the MicDao hack happen?
The MicDao exploit was recorded on October 18, 2023 — 909 days ago.
What type of exploit hit MicDao?
The MicDao 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 MicDao?
Our archive contains 85 documented price manipulation incidents. The MicDao incident is one of them.
How does MicDao compare to the largest Price Manipulation attack?
The largest price manipulation incident in our archive is CreamFinance (2021) at $130M. The MicDao loss is $13K.
What evaluation metrics are used to assess the performance of the prediction models?
Mean Absolute Percentage Error (MAPE), Mean Absolute Error (MAE), Relative Root Mean Square Error (RRMSE), and Mean Squared Error (MSE).
How do transaction costs affect the profitability of reinforcement learning algorithms in trading?
Transaction costs significantly impact the profitability, reducing the effectiveness compared to baseline models.