On February 2024, MINER suffered a price manipulation on BNB Chain — the first of 85 documented price manipulation incidents in our archive where the loss figure was not publicly disclosed but the exploit pattern is documented below.
Attack Mechanics: How the MINER Price Manipulation Played Out
Exploit Class Applied to MINER
The MINER incident on February 13, 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, MINER is 1 of 85 documented price manipulation incidents.
MINER in Context
The MINER incident joins a class whose largest loss to date is CreamFinance (2021) at $130M.
Prior Price Manipulation Before MINER
The nearest price manipulation incident before MINER was BurnsDefi, 8 days earlier on February 5, 2024 ($67K lost). The same exploit class surfaced again within the price manipulation attack surface.
Target Chain: BNB Chain
The vulnerable MINER 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 MINER
MINER Loss Figure
The loss figure for MINER is not publicly disclosed. The primary source reports the exploit in non-USD terms, so no USD estimate is published here. For reference, the average loss across 85 price manipulation incidents in our archive is $3.9M.
Timeline Since the MINER Incident
The MINER exploit occurred 2.2 years ago (791 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for MINER
Public post-mortem / on-chain analysis for the MINER incident: view source.
FAQ
How much did MINER lose?
The MINER loss figure is not publicly disclosed. The primary source reports the exploit in non-USD token terms, so no USD estimate is published here.
When did the MINER hack happen?
The MINER exploit was recorded on February 13, 2024 — 791 days ago.
What type of exploit hit MINER?
The MINER 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 MINER deployed on?
The MINER contract was deployed on BNB Chain, one of 23 documented incidents on that chain.
How does MINER compare to the largest Price Manipulation attack?
The largest price manipulation incident in our archive is CreamFinance (2021) at $130M. The MINER loss was not publicly disclosed.
What is the focus of the proposed black-box adversarial attack method?
Simulated annealing-based random search without gradient estimation.
What does the SB-GARCH-MIDAS model aim to capture?
It aims to capture the impact of structural breaks in monetary policy on cryptocurrency volatility.