On March 2024, ZongZi was exploited in a price manipulation, resulting in approximately $223K in losses. That makes the ZongZi exploit the 156th largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the ZongZi Price Manipulation Played Out
Exploit Class Applied to ZongZi
The ZongZi incident on March 25, 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, ZongZi is 1 of 85 documented price manipulation incidents.
ZongZi in Context
At $223K, the ZongZi exploit is a minor (<$1M) event compared to the largest same-class incident in our archive — CreamFinance (2021) at $130M.
Prior Price Manipulation Before ZongZi
The nearest price manipulation incident before ZongZi was Woofi, 20 days earlier on March 5, 2024 ($8M lost). The same exploit class surfaced again within the price manipulation attack surface.
Impact & Recovery for ZongZi
ZongZi Loss Figure
The ZongZi exploit caused $223,000 in losses — a minor (<$1M) incident and the 41st largest of 188 documented in 2024. This single incident represents 0.1% of all tracked losses that year.
Where ZongZi Sits Among Price Manipulation Attacks
Ranked by loss size, ZongZi is the 18th largest of 85 price manipulation incidents documented. That puts the ZongZi loss below the class average of $3.9M.
Timeline Since the ZongZi Incident
The ZongZi exploit occurred 2.1 years ago (750 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
FAQ
How much did ZongZi lose?
The ZongZi exploit in March 2024 resulted in $223,000 in losses — the 41st largest of 188 DeFi incidents that year.
When did the ZongZi hack happen?
The ZongZi exploit was recorded on March 25, 2024 — 750 days ago.
What type of exploit hit ZongZi?
The ZongZi 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 ZongZi?
Our archive contains 85 documented price manipulation incidents. The ZongZi incident is one of them.
How does ZongZi compare to the largest Price Manipulation attack?
The largest price manipulation incident in our archive is CreamFinance (2021) at $130M. The ZongZi loss is $223K.
What machine learning model did the study find most effective for price forecasting?
The Long Short-Term Memory (LSTM) model was found to be most effective.
What methodologies were used to evaluate the effectiveness of the proposed system?
The system was assessed through simulations, security analysis, and performance metrics to determine its efficiency and security.