Hack history / 2021 / Hack or exploit
Alpha Finance
Hack or exploit on Feb 13, 2021 · Borrow Logic Flaw
SOURCES AGREE ON DATE AND LOSS · 4 SOURCES
Lost
$37.5M
dollars at the time
Returned
none listed
as the sources state it
Rank
#135
among thefts by dollars lost
What happened
Alpha Finance was exploited when an attacker used recursive flash loans to borrow against inflated sUSD debt in the CREAM Iron Bank. A rounding error in the borrow function math enabled manipulation of undercollateralized lending.
Details
- Date
- Feb 13, 2021
- Kind
- Hack or exploit
- Method
- Borrow Logic Flaw
- How in
- Smart contract bug
- Target
- DeFi protocol
- Chains
- Ethereum, BNB Chain
- Audit (rekt.news)
- Quantstamp, Peckshield
Related incidents
Alpha Homora 2021 · Hack or exploit · $147K
Alchemix V2 2021 · Hack or exploit · $6.5M
Lever 2021 · Hack or exploit · $652K
Alchemix V2 2021 · Hack or exploit · $6.5M
Lever 2021 · Hack or exploit · $652K
Cite this page
SwanBluechip, "Alpha Finance hack, Feb 13, 2021: $37.5M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht81eafa96af/ (data as of 2026-10-31).