On February 2023, – Orion Protocol was exploited in a reentrancy, resulting in approximately $3M in losses. That makes the – Orion Protocol exploit the 56th largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the – Orion Protocol Reentrancy Played Out
Exploit Class Applied to – Orion Protocol
The – Orion Protocol incident on February 3, 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, – Orion Protocol is 1 of 51 documented reentrancy incidents.
– Orion Protocol in Context
At $3M, the – Orion Protocol exploit is a significant ($1M–$10M) event compared to the largest same-class incident in our archive — Curve (2023) at $41M.
Prior Reentrancy Before – Orion Protocol
The nearest reentrancy incident before – Orion Protocol was – MidasCapital, 18 days earlier on January 16, 2023 ($650K lost). The same exploit class surfaced again within the reentrancy attack surface.
Impact & Recovery for – Orion Protocol
– Orion Protocol Loss Figure
The – Orion Protocol exploit caused $3,000,000 in losses — a significant ($1M–$10M) incident and the 19th largest of 214 documented in 2023. This single incident represents 0.5% of all tracked losses that year.
Where – Orion Protocol Sits Among Reentrancy Attacks
Ranked by loss size, – Orion Protocol is the 6th largest of 51 reentrancy incidents documented. That puts the – Orion Protocol loss above the class average of $2.87M.
Timeline Since the – Orion Protocol Incident
The – Orion Protocol exploit occurred 3.2 years ago (1,166 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for – Orion Protocol
Public post-mortem / on-chain analysis for the – Orion Protocol incident: view source.
FAQ
How much did – Orion Protocol lose?
The – Orion Protocol exploit in February 2023 resulted in $3,000,000 in losses — the 19th largest of 214 DeFi incidents that year.
When did the – Orion Protocol hack happen?
The – Orion Protocol exploit was recorded on February 3, 2023 — 1,166 days ago.
What type of exploit hit – Orion Protocol?
The – Orion Protocol 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 – Orion Protocol?
Our archive contains 51 documented reentrancy incidents. The – Orion Protocol incident is one of them.
How does – Orion Protocol compare to the largest Reentrancy attack?
The largest reentrancy incident in our archive is Curve (2023) at $41M. The – Orion Protocol loss is $3M.
What are the primary goals of the research discussed in the document?
To examine the effects of cryptocurrencies on financial markets and traditional banking systems, assess policy and regulatory considerations, and explore future paths for blockchain technology.
What is the significance of using Raspberry Pi in the proposed system?
Raspberry Pi serves as an affordable and efficient platform for deploying IoT sensors and integrating them with the blockchain.