Hack history / 2020 / Hack or exploit
PercentFinance
Hack or exploit on Nov 4, 2020 · Unknown
ONE SOURCE · 1 SOURCE
Lost
$1M
dollars at the time
Returned
none listed
as the sources state it
Rank
#948
among thefts by dollars lost
What happened
DeFi lending platform PercentFinance wrote in a blog on November 4 that some currency markets encountered problems that could cause users' funds to be permanently locked. The team frozen currency markets specifically for USDC, ETH, and WBTC. A total of 446,000 USDC, 28 WBTC and 313 ETH have been frozen, valued at approximately US$1 million. The article stated that half of these fixed funds belonged to PercentFinance's "community improvement team." Withdrawals in other markets have already begun, but the team urges users not to borrow money from any of PercentFinance's markets during this period. It is reported that PercentFinance is a fork of Compound Finance.
Details
- Date
- Nov 4, 2020
- Kind
- Hack or exploit
- Method
- Unknown
- How in
- Other
- Target
- not stated
- Chains
- Ethereum
After the theft
- Frozen
- yes, amount not stated
“The team frozen currency markets specifically for USDC, ETH, and WBTC.” (SlowMist Hacked)
Reported by
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Cite this page
SwanBluechip, "PercentFinance hack, Nov 4, 2020: $1M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht6925f87fc8/ (data as of 2026-10-31).