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Hack history / 2024 / Hack or exploit

OcelotDex

Hack or exploit on Sep 20, 2024 · Infinite Mint

ATTACK TX CONFIRMED ON CHAININ REVIEWSOURCES AGREE ON DATE AND LOSS · 5 SOURCES
Lost
$4.9M
dollars at the time
Returned
$3.9M
80% of the loss, as a source states it
Rank
#457
among thefts by dollars lost

What happened

On September 20, 2024 OcelotDex (a DEX gateway on Zetachain) suffered an infinite mint exploit draining $4.9 million when attackers exploited a vulnerability in the smart contract minting functionality that failed to enforce supply caps, creating unbounded tokens to flood the market and exchange for stable assets.

In review: possible duplicate within one source.

Details

Date
Sep 20, 2024
Kind
Hack or exploit
Method
Infinite Mint
How in
Smart contract bug
Target
DeFi protocol
Chains
Ethereum

After the theft

Recovered or frozen
$3.9M
“$4.9M taken, $980K after recovery or freezing” (Web3 Is Going Great)

Reported by

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Cite this pageSwanBluechip, "OcelotDex hack, Sep 20, 2024: $4.9M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht9326d644b3/ (data as of 2026-11-01).
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