Hack history / 2021 / Hack or exploit
Belt Finance
Hack or exploit on May 29, 2021 · Incorrect Share Accounting
SOURCES AGREE ON DATE AND LOSS · 4 SOURCES
Lost
$6.3M
dollars at the time
Returned
none listed
as the sources state it
Rank
#410
among thefts by dollars lost
What happened
Belt Finance on BSC lost $6.3M on May 29, 2021 to a flash loan exploit. Attacker used flash loans to deposit into undersubscribed strategies and manipulate pool ratios, exploiting faulty vault-share valuation that assumed strategies remained balanced.
Details
- Date
- May 29, 2021
- Kind
- Hack or exploit
- Method
- Incorrect Share Accounting
- How in
- Smart contract bug
- Target
- DeFi protocol
- Chains
- BNB Chain
- Audit (rekt.news)
- Haechi
Related incidents
Spartan 2021 · Hack or exploit · $30M
Pinecone Finance 2021 · Hack or exploit · $200K
Iron Finance 2021 · Hack or exploit · $170K
Hunny Finance 2021 · Hack or exploit · $123K
Pinecone Finance 2021 · Hack or exploit · $200K
Iron Finance 2021 · Hack or exploit · $170K
Hunny Finance 2021 · Hack or exploit · $123K
Cite this page
SwanBluechip, "Belt Finance hack, May 29, 2021: $6.3M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht843968b133/ (data as of 2026-10-31).