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Hack history / 2023 / Hack or exploit

Omm

Hack or exploit on Jan 21, 2023 · Redeem Logic Flaw

ONE SOURCE · 1 SOURCE
Lost
$1.9M
dollars at the time
Returned
none listed
as the sources state it
Rank
#725
among thefts by dollars lost

What happened

On January 21, 2023, Omm protocol on Icon was exploited for $1.891M when the Redeem function accepted arbitrary collateral addresses without ownership validation. The attacker could withdraw collateral from any pool regardless of whether they owned positions in it.

Details

Date
Jan 21, 2023
Kind
Hack or exploit
Method
Redeem Logic Flaw
How in
Smart contract bug
Target
DeFi protocol
Chains
Icon

Reported by

Cite this pageSwanBluechip, "Omm hack, Jan 21, 2023: $1.9M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht2839908166/ (data as of 2026-10-31).
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