Hack history / 2023 / Hack or exploit
Art Coin
Hack or exploit on May 7, 2023 · Deposit Logic Flaw
SOURCES AGREE ON DATE AND LOSS · 2 SOURCES
Lost
$331K
dollars at the time
Returned
none listed
as the sources state it
Rank
#1,282
among thefts by dollars lost
What happened
An exploiter identified and leveraged a flaw in the Art Coin presale and Uniswap V3 LP configuration on May 7. By investing just 0.1 ETH in the presale, the attacker could withdraw at a highly favorable exchange rate due to misconfigured LP parameters. The attacker extracted 181 ETH (worth $331,000) by selling their presale allocation immediately after launch, exploiting the LP setup vulnerability.
Details
- Date
- May 7, 2023
- Kind
- Hack or exploit
- Method
- Deposit Logic Flaw
- How in
- Smart contract bug
- Target
- DeFi protocol
- Chains
- Ethereum
Reported by
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Cite this page
SwanBluechip, "Art Coin hack, May 7, 2023: $331K lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht4001756aa2/ (data as of 2026-10-31).