Hack history / 2024 / Hack or exploit
Gamma
Hack or exploit on Jan 4, 2024 · Spot Price Manipulation
ATTACK TX CONFIRMED ON CHAINSOURCES DISAGREE ON DATE OR LOSS · 5 SOURCES
Lost
$6.2M
sources: $4.5M to $6.2M
Returned
none listed
as the sources state it
Rank
#411
among thefts by dollars lost
What happened
On January 4, 2024, Gamma Strategies' hypervisors on Arbitrum were exploited for ~$4.5M via flashloan-induced price manipulation. The vault deposit thresholds were set too high (-50% to +100% price swings), allowing attackers to manipulate underlying asset prices and drain vault positions.
Details
- Date
- Jan 4, 2024
- Kind
- Hack or exploit
- Method
- Spot Price Manipulation
- How in
- Price, oracle and governance
- Target
- DeFi protocol
- Chains
- Arbitrum, Ethereum
- Audit (rekt.news)
- out of scope
Related incidents
Zircon Gamma 2023 · Hack or exploit · $350K
Gamma 2021 · Hack or exploit · $8.2M
Gamma 2021 · Hack or exploit · $4.5M
UwU Lend 2024 · Hack or exploit · $20M
Polter Finance 2024 · Hack or exploit · $10.3M
Gamma 2021 · Hack or exploit · $8.2M
Gamma 2021 · Hack or exploit · $4.5M
UwU Lend 2024 · Hack or exploit · $20M
Polter Finance 2024 · Hack or exploit · $10.3M
Cite this page
SwanBluechip, "Gamma hack, Jan 4, 2024: $6.2M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht7e3dbcf0a6/ (data as of 2026-11-01).