Hack history / 2023 / Hack or exploit
Midas Capital
Hack or exploit on Jan 15, 2023 · Reentrancy
ATTACK TX CONFIRMED ON CHAINSOURCES AGREE ON DATE AND LOSS · 4 SOURCES
Lost
$650K
dollars at the time
Returned
none listed
as the sources state it
Rank
#1,067
among thefts by dollars lost
What happened
On January 15-17, 2023 Midas Capital's Jarvis Polygon pool was exploited via a flashloan-enabled reentrancy attack targeting a recently-added collateral token, draining $660,000 of MATIC. Midas reached out with a bug-bounty offer and contributed $1,000 USDC weekly for 52 weeks toward affected protocols and users.
Details
- Date
- Jan 15, 2023
- Kind
- Hack or exploit
- Method
- Reentrancy
- How in
- Smart contract bug
- Target
- DeFi protocol
- Chains
- Polygon
- Audit (rekt.news)
- out of scope
Reported by
Related incidents
Rari Capital 2025 · Hack or exploit · $2M
BlockTower Capital 2024 · Fraud · undisclosed
Velvet Capital 2024 · Hack or exploit · undisclosed
Grayscale Capital 2024 · Hack or exploit · undisclosed
Nima Capital accused of rug pull 2023 · Rug pull · $3.7M
BlockTower Capital 2024 · Fraud · undisclosed
Velvet Capital 2024 · Hack or exploit · undisclosed
Grayscale Capital 2024 · Hack or exploit · undisclosed
Nima Capital accused of rug pull 2023 · Rug pull · $3.7M
Cite this page
SwanBluechip, "Midas Capital hack, Jan 15, 2023: $650K lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht143c9ca550/ (data as of 2026-10-31).