Hack history / 2023 / Hack or exploit
ParaSpace Lending V1
Hack or exploit on Mar 17, 2023 · Spot Price Manipulation
ATTACK TX CONFIRMED ON CHAINSOURCES AGREE ON DATE AND LOSS · 3 SOURCES
Lost
$5M
dollars at the time
Returned
$5M
100% of the loss, as a source states it
Rank
#451
among thefts by dollars lost
What happened
On March 17, 2023 ParaSpace (NFT lending protocol on Ethereum) suffered a price manipulation exploit in the AutoCompoundApe contract allowing attackers to borrow assets with less NFT collateral than required. Security firm BlockSec intercepted the attack and recovered approximately 2,900 ETH ($5M) of BAYC NFTs before the full attack executed.
Details
- Date
- Mar 17, 2023
- Kind
- Hack or exploit
- Method
- Spot Price Manipulation
- How in
- Price, oracle and governance
- Target
- NFTfi
- Chains
- Ethereum
After the theft
- Recovered or seized
- $5M
“Security firm BlockSec intercepted the attack and recovered approximately 2,900 ETH ($5M) of BAYC NFTs before the full attack executed.” (DefiLlama)
Reported by
Related incidents
Secured Finance Lending 2026 · Hack or exploit · $104K
Moonwell Lending 2026 · Hack or exploit · $8.7M
Surf Lending 2026 · Hack or exploit · undisclosed
DefiTuna Lending 2026 · Hack or exploit · $580K
Fluid Lending 2026 · Hack or exploit · $215K
Moonwell Lending 2026 · Hack or exploit · $8.7M
Surf Lending 2026 · Hack or exploit · undisclosed
DefiTuna Lending 2026 · Hack or exploit · $580K
Fluid Lending 2026 · Hack or exploit · $215K
Cite this page
SwanBluechip, "ParaSpace Lending V1 hack, Mar 17, 2023: $5M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht9365137235/ (data as of 2026-10-31).