Hack history / 2021 / Hack or exploit
Iron Finance
Hack or exploit on Mar 16, 2021 · Incorrect Share Accounting
SOURCES AGREE ON DATE AND LOSS · 2 SOURCES
Lost
$170K
dollars at the time
Returned
none listed
as the sources state it
Rank
#1,545
among thefts by dollars lost
What happened
Iron Finance lost $170,000 when a ValueDefi error inflated farming reward rates by 365x, allowing attackers to drain all SIL rewards from the IRON/SIL and IRON/BUSD pools.
Details
- Date
- Mar 16, 2021
- Kind
- Hack or exploit
- Method
- Incorrect Share Accounting
- How in
- Smart contract bug
- Target
- DeFi protocol
- Chains
- Polygon, BNB Chain
Reported by
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Hunny Finance 2021 · Hack or exploit · $123K
Belt Finance 2021 · Hack or exploit · $6.3M
Pinecone Finance 2021 · Hack or exploit · $200K
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Cite this page
SwanBluechip, "Iron Finance hack, Mar 16, 2021: $170K lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht38967fb66c/ (data as of 2026-10-31).