On August 2023, NeutraFinance suffered a price manipulation — 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 NeutraFinance Price Manipulation Played Out
Exploit Class Applied to NeutraFinance
The NeutraFinance incident on August 1, 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, NeutraFinance is 1 of 85 documented price manipulation incidents.
NeutraFinance in Context
The NeutraFinance incident joins a class whose largest loss to date is CreamFinance (2021) at $130M.
Prior Price Manipulation Before NeutraFinance
The nearest price manipulation incident before NeutraFinance was Carson, 6 days earlier on July 26, 2023 ($150K lost). The same exploit class surfaced again within the price manipulation attack surface.
Impact & Recovery for NeutraFinance
NeutraFinance Loss Figure
The loss figure for NeutraFinance 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 NeutraFinance Incident
The NeutraFinance exploit occurred 2.7 years ago (987 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for NeutraFinance
Public post-mortem / on-chain analysis for the NeutraFinance incident: view source.
FAQ
How much did NeutraFinance lose?
The NeutraFinance 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 NeutraFinance hack happen?
The NeutraFinance exploit was recorded on August 1, 2023 — 987 days ago.
What type of exploit hit NeutraFinance?
The NeutraFinance 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 NeutraFinance?
Our archive contains 85 documented price manipulation incidents. The NeutraFinance incident is one of them.
How does NeutraFinance compare to the largest Price Manipulation attack?
The largest price manipulation incident in our archive is CreamFinance (2021) at $130M. The NeutraFinance loss was not publicly disclosed.
What advantage does IPFS offer in the context of the BBDSPP scheme?
IPFS provides efficient and decentralized data storage, reducing blockchain's storage burden and improving data retrieval speed.
What was observed about the return distributions of the analyzed cryptocurrencies?
The return distributions are characterized by heavy tails, indicating a higher probability of extreme outcomes compared to normal distribution.