On May 2023, NeverFall was exploited in a price manipulation, resulting in approximately $74K in losses. That makes the NeverFall exploit the 242nd largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the NeverFall Price Manipulation Played Out
Exploit Class Applied to NeverFall
The NeverFall incident on May 3, 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, NeverFall is 1 of 85 documented price manipulation incidents.
NeverFall in Context
At $74K, the NeverFall exploit is a minor (<$1M) event compared to the largest same-class incident in our archive — CreamFinance (2021) at $130M.
Prior Price Manipulation Before NeverFall
The nearest price manipulation incident before NeverFall was 0vix, 5 days earlier on April 28, 2023 ($2M lost). The same exploit class surfaced again within the price manipulation attack surface.
Impact & Recovery for NeverFall
NeverFall Loss Figure
The NeverFall exploit caused $74,000 in losses — a minor (<$1M) incident and the 96th largest of 214 documented in 2023.
Where NeverFall Sits Among Price Manipulation Attacks
Ranked by loss size, NeverFall is the 34th largest of 85 price manipulation incidents documented. That puts the NeverFall loss below the class average of $3.9M.
Timeline Since the NeverFall Incident
The NeverFall exploit occurred 3 years ago (1,077 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for NeverFall
Public post-mortem / on-chain analysis for the NeverFall incident: view source.
FAQ
How much did NeverFall lose?
The NeverFall exploit in May 2023 resulted in $74,000 in losses — the 96th largest of 214 DeFi incidents that year.
When did the NeverFall hack happen?
The NeverFall exploit was recorded on May 3, 2023 — 1,077 days ago.
What type of exploit hit NeverFall?
The NeverFall 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 NeverFall?
Our archive contains 85 documented price manipulation incidents. The NeverFall incident is one of them.
How does NeverFall compare to the largest Price Manipulation attack?
The largest price manipulation incident in our archive is CreamFinance (2021) at $130M. The NeverFall loss is $74K.
What type of assets are cryptocurrencies considered in the study?
Cryptocurrencies are considered both as a means of payment and a financial asset.
Explain the potential impact of the study's findings on future cloud manufacturing systems.
The integration of AI and blockchain could significantly enhance security, efficiency, and trust in cloud manufacturing systems, paving the way for safer and more reliable Industry 4.0 operations.