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Hack history / 2022 / Hack or exploit

Bacon Protocol

Hack or exploit on Mar 5, 2022 · Reentrancy

ATTACK TX CONFIRMED ON CHAINSOURCES AGREE ON DATE AND LOSS · 3 SOURCES
Lost
$1M
dollars at the time
Returned
none listed
as the sources state it
Rank
#940
among thefts by dollars lost

What happened

Bacon Protocol NFT mortgage lending platform was exploited via reentrancy in the lend() function. The contract used ERC777 without considering callback security, allowing an attacker to reenter lend() to obtain excessive lending credits and drain ~$1M.

Details

Date
Mar 5, 2022
Kind
Hack or exploit
Method
Reentrancy
How in
Smart contract bug
Target
DeFi protocol
Chains
Ethereum

Reported by

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Cite this pageSwanBluechip, "Bacon Protocol hack, Mar 5, 2022: $1M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht097b455aca/ (data as of 2026-10-31).
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