On August 2023, ZunamiProtocol was exploited in a price manipulation, resulting in approximately $2M in losses. That makes the ZunamiProtocol exploit the 60th largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the ZunamiProtocol Price Manipulation Played Out
Exploit Class Applied to ZunamiProtocol
The ZunamiProtocol incident on August 14, 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, ZunamiProtocol is 1 of 85 documented price manipulation incidents.
ZunamiProtocol in Context
At $2M, the ZunamiProtocol 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 ZunamiProtocol
The nearest price manipulation incident before ZunamiProtocol was NeutraFinance, 13 days earlier on August 1, 2023. The same exploit class surfaced again within the price manipulation attack surface.
Impact & Recovery for ZunamiProtocol
ZunamiProtocol Loss Figure
The ZunamiProtocol exploit caused $2,000,000 in losses — a significant ($1M–$10M) incident and the 22nd largest of 214 documented in 2023. This single incident represents 0.3% of all tracked losses that year.
Where ZunamiProtocol Sits Among Price Manipulation Attacks
Ranked by loss size, ZunamiProtocol is the 11th largest of 85 price manipulation incidents documented. That puts the ZunamiProtocol loss below the class average of $3.9M.
Timeline Since the ZunamiProtocol Incident
The ZunamiProtocol exploit occurred 2.7 years ago (974 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for ZunamiProtocol
Public post-mortem / on-chain analysis for the ZunamiProtocol incident: view source.
FAQ
How much did ZunamiProtocol lose?
The ZunamiProtocol exploit in August 2023 resulted in $2,000,000 in losses — the 22nd largest of 214 DeFi incidents that year.
When did the ZunamiProtocol hack happen?
The ZunamiProtocol exploit was recorded on August 14, 2023 — 974 days ago.
What type of exploit hit ZunamiProtocol?
The ZunamiProtocol 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 ZunamiProtocol?
Our archive contains 85 documented price manipulation incidents. The ZunamiProtocol incident is one of them.
How does ZunamiProtocol compare to the largest Price Manipulation attack?
The largest price manipulation incident in our archive is CreamFinance (2021) at $130M. The ZunamiProtocol loss is $2M.
What conclusion is drawn about the influence of underlying technology on cryptocurrency prices?
Fully decentralized cryptocurrencies exhibit unique self-similarity features at any time scale, affecting price dynamics.
What are smart contracts and cryptocurrencies recognized for in the context of tourism?
Streamlining processes, improving efficiency, and potentially reducing costs.