shield Price Manipulation · $136K loss

Z123 Hack: How $136K Was Lost in a Price Manipulation (2024)

On April 2024, Z123 was exploited in a price manipulation, resulting in approximately $136K in losses. That makes the Z123 exploit the 194th largest DeFi incident out of 690 documented in our archive.

Attack Mechanics: How the Z123 Price Manipulation Played Out

Exploit Class Applied to Z123

The Z123 incident on April 22, 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, Z123 is 1 of 85 documented price manipulation incidents.

Z123 in Context

At $136K, the Z123 exploit is a minor (<$1M) event compared to the largest same-class incident in our archive — CreamFinance (2021) at $130M.

Prior Price Manipulation Before Z123

The nearest price manipulation incident before Z123 was FIL314, 10 days earlier on April 12, 2024. The same exploit class surfaced again within the price manipulation attack surface.

Impact & Recovery for Z123

Z123 Loss Figure

The Z123 exploit caused $136,000 in losses — a minor (<$1M) incident and the 56th largest of 188 documented in 2024.

Where Z123 Sits Among Price Manipulation Attacks

Ranked by loss size, Z123 is the 24th largest of 85 price manipulation incidents documented. That puts the Z123 loss below the class average of $3.9M.

Timeline Since the Z123 Incident

The Z123 exploit occurred 2 years ago (722 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.

Primary Reference for Z123

Public post-mortem / on-chain analysis for the Z123 incident: view source.

FAQ

How much did Z123 lose?

The Z123 exploit in April 2024 resulted in $136,000 in losses — the 56th largest of 188 DeFi incidents that year.

When did the Z123 hack happen?

The Z123 exploit was recorded on April 22, 2024 — 722 days ago.

What type of exploit hit Z123?

The Z123 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 Z123?

Our archive contains 85 documented price manipulation incidents. The Z123 incident is one of them.

How does Z123 compare to the largest Price Manipulation attack?

The largest price manipulation incident in our archive is CreamFinance (2021) at $130M. The Z123 loss is $136K.

What challenges in implementing Blockchain technology in tourism does the study highlight?

The need for careful planning and overcoming potential technological and regulatory hurdles.

What blockchain model is preferred for internal company use according to the document?

Private blockchains are preferred for internal use, limiting access to company members.