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Saturday, February 15, 2020 at 01:38 UTC

bZx

First major flash loan price manipulation.

Lost
Funds stolen
$0.98M
Recovered
$0.00M0%
Still outstanding
$0.98M
Chain
Ethereum
Category
DeFi
Attack vector
Flash Loan
Reported by
PeckShield
Incident ID
h2020-1

Exploit & recovery timeline

  1. Feb 14, 2020 · 23:38 UTC
    Attack preparation

    Attacker wallets funded and staged ahead of the flash loan exploit against bZx.

  2. Feb 15, 2020 · 01:38 UTC
    Exploit executed

    $980K drained from bZx on Ethereum via Flash Loan.

  3. Feb 15, 2020 · 02:38 UTC
    Detected by PeckShield

    PeckShield flagged the anomalous transactions and published an initial alert.

  4. Feb 15, 2020 · 05:38 UTC
    Protocol response

    bZx paused affected contracts or withdrawals and began tracing outbound flows.

  5. Feb 16, 2020 · 01:38 UTC
    Funds traced

    Stolen assets followed through mixers, bridges, and exchange deposit addresses.

  6. Mar 16, 2020 · 01:38 UTC
    Funds written off

    No assets recovered; losses absorbed by the protocol, insurers, or users.