shield Price Manipulation · $26K loss

UN Hack: How $26K Was Lost in a Price Manipulation (2023)

On June 2023, UN was exploited in a price manipulation, resulting in approximately $26K in losses. That makes the UN exploit the 313th largest DeFi incident out of 690 documented in our archive.

Estimate loss of @BitMartExchange ~$100M

Attack Mechanics: How the UN Price Manipulation Played Out

Exploit Class Applied to UN

The UN incident on June 6, 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, UN is 1 of 85 documented price manipulation incidents.

UN in Context

At $26K, the UN exploit is a minor (<$1M) event compared to the largest same-class incident in our archive — CreamFinance (2021) at $130M.

Prior Price Manipulation Before UN

The nearest price manipulation incident before UN was ERC20TokenBank, 6 days earlier on May 31, 2023 ($111K lost). The same exploit class surfaced again within the price manipulation attack surface.

Impact & Recovery for UN

UN Loss Figure

The UN exploit caused $26,000 in losses — a minor (<$1M) incident and the 120th largest of 214 documented in 2023.

Where UN Sits Among Price Manipulation Attacks

Ranked by loss size, UN is the 46th largest of 85 price manipulation incidents documented. That puts the UN loss below the class average of $3.9M.

Timeline Since the UN Incident

The UN exploit occurred 2.9 years ago (1,043 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.

Primary Reference for UN

Public post-mortem / on-chain analysis for the UN incident: view source. Secondary narrative coverage: Here is the list of the transferred-out assets and their amounts.

FAQ

How much did UN lose?

The UN exploit in June 2023 resulted in $26,000 in losses — the 120th largest of 214 DeFi incidents that year.

When did the UN hack happen?

The UN exploit was recorded on June 6, 2023 — 1,043 days ago.

What type of exploit hit UN?

The UN 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 UN?

Our archive contains 85 documented price manipulation incidents. The UN incident is one of them.

How does UN compare to the largest Price Manipulation attack?

The largest price manipulation incident in our archive is CreamFinance (2021) at $130M. The UN loss is $26K.

Why do some companies hesitate to invest in blockchain technology?

Due to the perceived high costs and unclear return on investment.

What aspect of social sustainability practices is emphasized?

The focus is on labor practices, community engagement, and ensuring health and safety at work.