On March 2024, Woofi was exploited in a price manipulation, resulting in approximately $8M in losses. That makes the Woofi exploit the 35th largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the Woofi Price Manipulation Played Out
Exploit Class Applied to Woofi
The Woofi incident on March 5, 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, Woofi is 1 of 85 documented price manipulation incidents.
Woofi in Context
At $8M, the Woofi exploit is a significant ($1M–$10M) event compared to the largest same-class incident in our archive — CreamFinance (2021) at $130M.
Prior Price Manipulation Before Woofi
The nearest price manipulation incident before Woofi was MINER, 21 days earlier on February 13, 2024. The same exploit class surfaced again within the price manipulation attack surface.
Impact & Recovery for Woofi
Woofi Loss Figure
The Woofi exploit caused $8,000,000 in losses — a significant ($1M–$10M) incident and the 9th largest of 188 documented in 2024. This single incident represents 2.2% of all tracked losses that year.
Where Woofi Sits Among Price Manipulation Attacks
Ranked by loss size, Woofi is the 6th largest of 85 price manipulation incidents documented. That puts the Woofi loss above the class average of $3.9M.
Timeline Since the Woofi Incident
The Woofi exploit occurred 2.1 years ago (770 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for Woofi
Public post-mortem / on-chain analysis for the Woofi incident: view source.
FAQ
How much did Woofi lose?
The Woofi exploit in March 2024 resulted in $8,000,000 in losses — the 9th largest of 188 DeFi incidents that year.
When did the Woofi hack happen?
The Woofi exploit was recorded on March 5, 2024 — 770 days ago.
What type of exploit hit Woofi?
The Woofi 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 Woofi?
Our archive contains 85 documented price manipulation incidents. The Woofi incident is one of them.
How does Woofi compare to the largest Price Manipulation attack?
The largest price manipulation incident in our archive is CreamFinance (2021) at $130M. The Woofi loss is $8M.
How is supervised learning utilized in stock market prediction?
By learning from labeled input data to predict stock market prices and trends.
What are the future research directions mentioned in the document for enhancing IoT data authentication?
Exploring more efficient proving systems and further reducing on-chain storage costs.