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Hack history / 2024 / Hack or exploit

Sonne Finance

Hack or exploit on May 14, 2024 · Donation Attack

ATTACK TX CONFIRMED ON CHAININ REVIEWSOURCES AGREE ON DATE AND LOSS · 5 SOURCES
Lost
$20M
dollars at the time
Returned
none listed
as the sources state it
Rank
#207
among thefts by dollars lost

What happened

On May 15, 2024, Sonne Finance on Optimism was exploited for $20M through a donation attack. Market setup was split into separate timelock transactions, allowing the attacker to control execution order and manipulate collateral factors in a newly-created market before protective guards were applied.

In review: possible duplicate within one source.

Details

Date
May 14, 2024
Kind
Hack or exploit
Method
Donation Attack
How in
Smart contract bug
Target
DeFi protocol
Chains
Optimism, Ethereum
Audit (rekt.news)
yAudit

Reported by

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Cite this pageSwanBluechip, "Sonne Finance hack, May 14, 2024: $20M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht98dc22626b/ (data as of 2026-10-31).
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