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Hack history / 2023 / Hack or exploit

Pawnfi

Hack or exploit on Jun 17, 2023 · Incorrect Share Accounting

ATTACK TX CONFIRMED ON CHAINSOURCES AGREE ON DATE AND LOSS · 2 SOURCES
Lost
$820K
dollars at the time
Returned
none listed
as the sources state it
Rank
#994
among thefts by dollars lost

What happened

Pawnfi's ApeStaking contract allowed attackers to use the same NFT as collateral multiple times for borrowing APE tokens. The vulnerability stemmed from missing NFT transfer verification in the depositAndBorrowApeAndStake() function, enabling an attacker to borrow without securing proper collateral by leveraging an already-staked NFT.

Details

Date
Jun 17, 2023
Kind
Hack or exploit
Method
Incorrect Share Accounting
How in
Smart contract bug
Target
DeFi protocol
Chains
Ethereum

Reported by

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Cite this pageSwanBluechip, "Pawnfi hack, Jun 17, 2023: $820K lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htc5af1f266b/ (data as of 2026-10-31).
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