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Hack history / 2020 / Hack or exploit

Warp Protocol

Hack or exploit on Dec 18, 2020 · Spot Price Manipulation

IN REVIEWSOURCES AGREE ON DATE AND LOSS · 3 SOURCES
Lost
$7.8M
dollars at the time
Returned
none listed
as the sources state it
Rank
#356
among thefts by dollars lost

What happened

On December 17-18, 2020, an attacker exploited Warp Finance's gameable oracle by flash loaning 2.9M DAI and 344.8K WETH from dYdX to manipulate DAI/Uniswap prices, inflating LP collateral value to borrow 3.86M DAI and 3.9M USDC, draining $7.76 million total.

In review: possible duplicate within one source.

Details

Date
Dec 18, 2020
Kind
Hack or exploit
Method
Spot Price Manipulation
How in
Price, oracle and governance
Target
DeFi protocol
Chains
Ethereum
Audit (rekt.news)
Hacken

Reported by

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Cite this pageSwanBluechip, "Warp Protocol hack, Dec 18, 2020: $7.8M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htc4f229dc3b/ (data as of 2026-11-01).
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