Hack history / 2022 / Hack or exploit
Saddle Finance
Hack or exploit on Apr 30, 2022 · Swap Logic Flaw
SOURCES AGREE ON DATE AND LOSS · 4 SOURCES
Lost
$10.5M
sources: $10M to $11.1M
Returned
none listed
as the sources state it
Rank
#287
among thefts by dollars lost
What happened
On April 30, 2022, Saddle Finance metapool was exploited via flash loan-assisted swaps manipulating LP token pricing. The attacker exploited inconsistencies in price calculations in the sUSD/saddleUSD-V2 metapool, which used the incorrect MetaSwapUtils library, enabling extraction of ~$11M.
Details
- Date
- Apr 30, 2022
- Kind
- Hack or exploit
- Method
- Swap Logic Flaw
- How in
- Smart contract bug
- Target
- DeFi protocol
- Chains
- Ethereum
Related incidents
Saddle Finance 2021 · Costly mistake or other · $11M
Saddle Finance 2021 · Hack or exploit · $275K
KaoyaSwap 2022 · Hack or exploit · $118K
Saddle Finance 2021 · Hack or exploit · $275K
KaoyaSwap 2022 · Hack or exploit · $118K
Cite this page
SwanBluechip, "Saddle Finance hack, Apr 30, 2022: $10.5M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htae32c83cb3/ (data as of 2026-11-01).