Hack history / 2022 / Hack or exploit
Nereus Finance
Hack or exploit on Sep 6, 2022 · Spot Price Manipulation
SOURCES AGREE ON DATE AND LOSS · 3 SOURCES
Lost
$371K
dollars at the time
Returned
none listed
as the sources state it
Rank
#1,246
among thefts by dollars lost
What happened
Nereus Finance on Avalanche was exploited when the protocol lacked time-weighted average price protection for newly introduced collateral types. The attacker manipulated prices through Trader Joe and Curve, extracting $371,000 in USDC.
Details
- Date
- Sep 6, 2022
- Kind
- Hack or exploit
- Method
- Spot Price Manipulation
- How in
- Price, oracle and governance
- Target
- DeFi protocol
- Chains
- Avalanche
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Elephant Money 2022 · Hack or exploit · $22.2M
Pando Rings 2022 · Hack or exploit · $22M
Inverse Finance Frontier 2022 · Hack or exploit · $15.6M
DEUS Finance 2022 · Hack or exploit · $13.4M
Elephant Money 2022 · Hack or exploit · $22.2M
Pando Rings 2022 · Hack or exploit · $22M
Inverse Finance Frontier 2022 · Hack or exploit · $15.6M
DEUS Finance 2022 · Hack or exploit · $13.4M
Cite this page
SwanBluechip, "Nereus Finance hack, Sep 6, 2022: $371K lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htb8dcd73123/ (data as of 2026-10-31).