Hack history / 2022 / Hack or exploit
Babylon Finance
Hack or exploit on Apr 30, 2022 · Affected by the Rari Capital vulnerability
ONE SOURCE · 1 SOURCE
Lost
$3.4M
dollars at the time
Returned
none listed
as the sources state it
Rank
#559
among thefts by dollars lost
What happened
In April, attackers exploited a vulnerability to steal $80 million from Rari Capital, and the asset management project Babylon Finance, Rari's main lending pool, lost $3.4 million as a result. On Aug. 31, Babylon Finance founder Ramon Recuero published a blog post announcing that Babylon would be shutting down and pledging to distribute remaining project funds to holders.
Details
- Date
- Apr 30, 2022
- Kind
- Hack or exploit
- Method
- Affected by the Rari Capital vulnerability
- How in
- Smart contract bug
- Target
- not stated
- Chains
- Ethereum
Reported by
Related incidents
Babylon 2025 · Hack or exploit · undisclosed
Unable to recover from the April Rari exploit, Babylon Finance shuts down 2022 · Collapse or insolvency · $3.4M
Unable to recover from the April Rari exploit, Babylon Finance shuts down 2022 · Collapse or insolvency · $3.4M
Cite this page
SwanBluechip, "Babylon Finance hack, Apr 30, 2022: $3.4M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht1c45d4b3a9/ (data as of 2026-10-31).