Hack history / 2019 / Hack or exploit
Synthetix v1+v2
Hack or exploit on Jun 25, 2019 · Oracle Misconfiguration
SOURCES AGREE ON DATE AND LOSS · 2 SOURCES
Lost
undisclosed
dollars at the time
Returned
none listed
as the sources state it
Rank
not ranked
collapses, frauds and later news are not ranked
What happened
An oracle price feed reported Korean Won at 1000x higher than actual rate due to API outage reducing redundancy. A trading bot exploited the misconfiguration to generate over 37M sETH in profits within an hour. All funds were recovered through white-hat negotiation and bug bounty.
Details
- Date
- Jun 25, 2019
- Kind
- Hack or exploit
- Method
- Oracle Misconfiguration
- How in
- Price, oracle and governance
- Target
- DeFi protocol
- Chains
- Ethereum
After the theft
- Recovered or seized
- yes, amount not stated
“All funds were recovered through white-hat negotiation and bug bounty.” (DefiLlama)
Reported by
Related incidents
Cite this page
SwanBluechip, "Synthetix v1+v2 hack, Jun 25, 2019: undisclosed lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htaf621b5562/ (data as of 2026-10-31).