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Hack history / 2022 / Hack or exploit

Bond Protocol

Hack or exploit on Oct 21, 2022 · Missing Input Validation

ATTACK TX CONFIRMED ON CHAINSOURCES AGREE ON DATE AND LOSS · 4 SOURCES
Lost
$300K
dollars at the time
Returned
$300K
100% of the loss, as a source states it
Rank
#1,330
among thefts by dollars lost

What happened

On October 21, 2022, attacker deployed counterfeit bond tokens on Bond Protocol's OlympusDAO market and redeemed them for legitimate OHM collateral, draining $300K before returning funds hours later. Fixed-Expiry Teller lacked token validation.

Details

Date
Oct 21, 2022
Kind
Hack or exploit
Method
Missing Input Validation
How in
Smart contract bug
Target
DeFi protocol
Chains
Ethereum

After the theft

Returned by the attacker
yes, amount not stated
“The OlympusDAO hacker has returned the stolen funds to the DAO.” (SlowMist Hacked)
Recovered or frozen
$300K
“$300K taken, $0K after recovery or freezing” (Web3 Is Going Great)

Reported by

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Cite this pageSwanBluechip, "Bond Protocol hack, Oct 21, 2022: $300K lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht68a5b40cb4/ (data as of 2026-10-31).
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