Hack history / 2023 / Hack or exploit
Swerve
Hack or exploit on Mar 25, 2023 · Malicious Proposal
SOURCES AGREE ON DATE AND LOSS · 2 SOURCES
Lost
$1.3M
dollars at the time
Returned
none listed
as the sources state it
Rank
#849
among thefts by dollars lost
What happened
Swerve Finance, a defunct Curve clone, was targeted in a governance attack where the attacker created proposals to transfer $1.3M in stablecoins to their contract. Though the attack ultimately failed due to insufficient voting power, it represented a live governance exploit attempt.
Details
- Date
- Mar 25, 2023
- Kind
- Hack or exploit
- Method
- Malicious Proposal
- How in
- Price, oracle and governance
- Target
- DeFi protocol
- Chains
- Ethereum
Reported by
Related incidents
Cite this page
SwanBluechip, "Swerve hack, Mar 25, 2023: $1.3M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht33f4cd04a8/ (data as of 2026-10-31).