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Hack history / 2024 / Hack or exploit

Goledo

Hack or exploit on Jan 28, 2024 · Spot Price Manipulation

SOURCES AGREE ON DATE AND LOSS · 3 SOURCES
Lost
$1.7M
dollars at the time
Returned
none listed
as the sources state it
Rank
#753
among thefts by dollars lost

What happened

Goledo Finance, a lending protocol on Conflux eSpace, was exploited when an attacker borrowed 11M CFX via flash loan and purchased 24.6M PPI tokens to artificially inflate the price. The attacker then used the inflated PPI price as collateral to borrow 7.9M CFX from Goledo's lending pool. The attacker later contacted Goledo to negotiate.

Details

Date
Jan 28, 2024
Kind
Hack or exploit
Method
Spot Price Manipulation
How in
Price, oracle and governance
Target
DeFi protocol
Chains
Conflux, Ethereum

Reported by

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Cite this pageSwanBluechip, "Goledo hack, Jan 28, 2024: $1.7M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht07e8baad61/ (data as of 2026-11-01).
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