On January 2023, – MidasCapital was exploited in a reentrancy, resulting in approximately $650K in losses. That makes the – MidasCapital exploit the 107th largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the – MidasCapital Reentrancy Played Out
Exploit Class Applied to – MidasCapital
The – MidasCapital incident on January 16, 2023 is classified as a Reentrancy. A malicious contract re-enters a vulnerable function before state is updated, letting it drain funds multiple times. In the full archive, – MidasCapital is 1 of 51 documented reentrancy incidents.
– MidasCapital in Context
At $650K, the – MidasCapital exploit is a minor (<$1M) event compared to the largest same-class incident in our archive — Curve (2023) at $41M.
Prior Reentrancy Before – MidasCapital
The nearest reentrancy incident before – MidasCapital was – JAY, 18 days earlier on December 29, 2022. The same exploit class surfaced again within the reentrancy attack surface.
– MidasCapital Vulnerability Signature
The primary source categorises the – MidasCapital exploit specifically as “Read-only Reentrancy”. This narrower label is entity-specific: it reflects how the – MidasCapital contract failed, rather than the broad reentrancy pattern alone.
Impact & Recovery for – MidasCapital
– MidasCapital Loss Figure
The – MidasCapital exploit caused $650,000 in losses — a minor (<$1M) incident and the 42nd largest of 214 documented in 2023. This single incident represents 0.1% of all tracked losses that year.
Where – MidasCapital Sits Among Reentrancy Attacks
Ranked by loss size, – MidasCapital is the 13th largest of 51 reentrancy incidents documented. That puts the – MidasCapital loss below the class average of $2.87M.
Timeline Since the – MidasCapital Incident
The – MidasCapital exploit occurred 3.2 years ago (1,184 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for – MidasCapital
Public post-mortem / on-chain analysis for the – MidasCapital incident: view source.
FAQ
How much did – MidasCapital lose?
The – MidasCapital exploit in January 2023 resulted in $650,000 in losses — the 42nd largest of 214 DeFi incidents that year.
When did the – MidasCapital hack happen?
The – MidasCapital exploit was recorded on January 16, 2023 — 1,184 days ago.
What type of exploit hit – MidasCapital?
The – MidasCapital incident is classified as a Reentrancy. A malicious contract re-enters a vulnerable function before state is updated, letting it drain funds multiple times.
How common is the Reentrancy pattern seen at – MidasCapital?
Our archive contains 51 documented reentrancy incidents. The – MidasCapital incident is one of them.
How does – MidasCapital compare to the largest Reentrancy attack?
The largest reentrancy incident in our archive is Curve (2023) at $41M. The – MidasCapital loss is $650K.
What does the document suggest about the ownership of cryptocurrencies?
Ownership is highly concentrated at the top, but many investors have only moderate incomes.
What was observed about the return distributions of the analyzed cryptocurrencies?
The return distributions are characterized by heavy tails, indicating a higher probability of extreme outcomes compared to normal distribution.