On May 2024, PredyFinance was exploited in a reentrancy, resulting in approximately $464K in losses. That makes the PredyFinance exploit the 122nd largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the PredyFinance Reentrancy Played Out
Exploit Class Applied to PredyFinance
The PredyFinance incident on May 14, 2024 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, PredyFinance is 1 of 51 documented reentrancy incidents.
PredyFinance in Context
At $464K, the PredyFinance exploit is a minor (<$1M) event compared to the largest same-class incident in our archive — Curve (2023) at $41M.
Prior Reentrancy Before PredyFinance
The nearest reentrancy incident before PredyFinance was SumerMoney, 32 days earlier on April 12, 2024 ($350K lost). The same exploit class surfaced again within the reentrancy attack surface.
Impact & Recovery for PredyFinance
PredyFinance Loss Figure
The PredyFinance exploit caused $464,000 in losses — a minor (<$1M) incident and the 28th largest of 188 documented in 2024. This single incident represents 0.1% of all tracked losses that year.
Where PredyFinance Sits Among Reentrancy Attacks
Ranked by loss size, PredyFinance is the 14th largest of 51 reentrancy incidents documented. That puts the PredyFinance loss below the class average of $2.87M.
Timeline Since the PredyFinance Incident
The PredyFinance exploit occurred 1.9 years ago (700 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for PredyFinance
Public post-mortem / on-chain analysis for the PredyFinance incident: view source.
FAQ
How much did PredyFinance lose?
The PredyFinance exploit in May 2024 resulted in $464,000 in losses — the 28th largest of 188 DeFi incidents that year.
When did the PredyFinance hack happen?
The PredyFinance exploit was recorded on May 14, 2024 — 700 days ago.
What type of exploit hit PredyFinance?
The PredyFinance 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 PredyFinance?
Our archive contains 51 documented reentrancy incidents. The PredyFinance incident is one of them.
How does PredyFinance compare to the largest Reentrancy attack?
The largest reentrancy incident in our archive is Curve (2023) at $41M. The PredyFinance loss is $464K.
What types of cryptocurrencies were selected for investment in the study?
High Capitalization (HC), Solid Project (SP), and Influential Meme (IM) coins.
What is the main purpose of using sentiment analysis in the study?
To predict cryptocurrency price movements based on Twitter sentiment.