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Hack history / 2020 / Hack or exploit

Eminence

Hack or exploit on Sep 28, 2020 · Spot Price Manipulation

SOURCES AGREE ON DATE AND LOSS · 3 SOURCES
Lost
$15M
dollars at the time
Returned
none listed
as the sources state it
Rank
#237
among thefts by dollars lost

What happened

Eminence, an incomplete unaudited DeFi project by Andre Cronje, was exploited less than 3 hours after launch. The attacker borrowed 15M DAI from Uniswap, bought EMN, burned half for eAAVE to artificially inflate the price, then withdrew from the bonding curve at the manipulated price, draining the protocol.

Details

Date
Sep 28, 2020
Kind
Hack or exploit
Method
Spot Price Manipulation
How in
Price, oracle and governance
Target
DeFi protocol
Chains
Ethereum
Audit (rekt.news)
unaudited

Reported by

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Cite this pageSwanBluechip, "Eminence hack, Sep 28, 2020: $15M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht4f1d14ba1f/ (data as of 2026-11-01).
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