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Hack history / 2023 / Hack or exploit

Exactly

Hack or exploit on Aug 18, 2023 · Improper Access Control

ATTACK TX CONFIRMED ON CHAININ REVIEWSOURCES DISAGREE ON DATE OR LOSS · 5 SOURCES
Lost
$7.5M
sources: $7M to $12M
Returned
none listed
as the sources state it
Rank
#376
among thefts by dollars lost

What happened

Exactly Protocol's DebtManager on Optimism was exploited on August 18, 2023 when unvalidated market address parameter allowed attacker to bypass permit checks and reenter crossDeleverage to steal users' deposited collateral. A copycat repeated the attack the same day.

In review: sources disagree on the loss.

Details

Date
Aug 18, 2023
Kind
Hack or exploit
Method
Improper Access Control
How in
Smart contract bug
Target
DeFi protocol
Chains
Optimism, Ethereum
Audit (rekt.news)
out of scope

Reported by

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swapX 2023 · Hack or exploit · $1M
Cite this pageSwanBluechip, "Exactly hack, Aug 18, 2023: $7.5M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht03055e85a4/ (data as of 2026-10-31).
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