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Hack history / 2021 / Hack or exploit

Bogged Finance

Hack or exploit on May 23, 2021 · Arithmetic Error

SOURCES AGREE ON DATE AND LOSS · 3 SOURCES
Lost
$3M
dollars at the time
Returned
none listed
as the sources state it
Rank
#602
among thefts by dollars lost

What happened

A flashloan attacker exploited a bug in Bogged's deflationary token _txBurn() method, which charged only 1% instead of the intended 5% fee per transfer. This allowed the attacker to manipulate self-transfers to inflate staking reward calculations and mint 15M BOG tokens. The token crashed 98% from $8.50 to $0.15.

Details

Date
May 23, 2021
Kind
Hack or exploit
Method
Arithmetic Error
How in
Smart contract bug
Target
DeFi protocol
Chains
BNB Chain

Reported by

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Cite this pageSwanBluechip, "Bogged Finance hack, May 23, 2021: $3M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht440a3ae15b/ (data as of 2026-11-01).
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