On December 2023, Telcoin was exploited in a storage collision, resulting in approximately $124M in losses. That makes the Telcoin exploit the 6th largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the Telcoin Storage Collision Played Out
Exploit Class Applied to Telcoin
The Telcoin incident on December 25, 2023 is classified as a Storage Collision. Proxy or delegatecall pattern maps attacker-controlled storage over critical slots. In the full archive, Telcoin is 1 of 3 documented storage collision incidents.
Telcoin in Context
The $124M loss at Telcoin is the largest storage collision incident in our archive, ahead of – EFVault (2023, $5.1M).
Prior Storage Collision Before Telcoin
The nearest storage collision incident before Telcoin was – EFVault, 304 days earlier on February 24, 2023 ($5.1M lost). The same exploit class surfaced again within the storage collision attack surface.
Impact & Recovery for Telcoin
Telcoin Loss Figure
The Telcoin exploit caused $124,000,000 in losses — a mega ($100M+) incident and the 2nd largest of 214 documented in 2023. This single incident represents 19.3% of all tracked losses that year.
Where Telcoin Sits Among Storage Collision Attacks
Ranked by loss size, Telcoin is the 1st largest of 3 storage collision incidents documented. That puts the Telcoin loss above the class average of $64.55M.
Timeline Since the Telcoin Incident
The Telcoin exploit occurred 2.3 years ago (841 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for Telcoin
Public post-mortem / on-chain analysis for the Telcoin incident: view source.
FAQ
How much did Telcoin lose?
The Telcoin exploit in December 2023 resulted in $124,000,000 in losses — the 2nd largest of 214 DeFi incidents that year.
When did the Telcoin hack happen?
The Telcoin exploit was recorded on December 25, 2023 — 841 days ago.
What type of exploit hit Telcoin?
The Telcoin incident is classified as a Storage Collision. Proxy or delegatecall pattern maps attacker-controlled storage over critical slots.
How common is the Storage Collision pattern seen at Telcoin?
Our archive contains 3 documented storage collision incidents. The Telcoin incident is one of them.
How does Telcoin compare to the largest Storage Collision attack?
The largest storage collision incident in our archive is – EFVault (2023) at $5.1M. The Telcoin loss is $124M.
How does Ethereum 2.0 aim to improve scalability and security?
Through sharding and enhanced consensus mechanisms that include validator committees and epoch-based block finalization.
How does blockchain technology impact the auditing sector?
By offering a secure, transparent, and automated method of conducting audits, enhancing the speed and effectiveness of auditing procedures.