Hack history / 2022 / Hack or exploit
Kronos DAO
Hack or exploit on May 19, 2022 · Insider Manipulation
ONE SOURCE · 1 SOURCE
Lost
$6M
dollars at the time
Returned
none listed
as the sources state it
Rank
#422
among thefts by dollars lost
What happened
According to Pinpoint News, Klaytn-based DeFi project Kronos DAO misappropriated users’ DAI pledged in its vaults to invest in Kairos Cash and lost 6 million DAI. The 6 million DAI staked by users turned into 6 million Kairos Cash in the Kronos Dao Vault, which Kronos Dao explained was “used as a strategic investment.” Investors, however, questioned that the explanation was insufficient and that no advance notice was given. At present, Kronos Dao has closed Kakao Talk and Telegram communication channels, leaving only Discord as a communication channel.
Details
- Date
- May 19, 2022
- Kind
- Hack or exploit
- Method
- Insider Manipulation
- How in
- Insiders: rug pulls, frauds, collapses
- Target
- not stated
- Chains
- not stated
Reported by
Related incidents
Cite this page
SwanBluechip, "Kronos DAO hack, May 19, 2022: $6M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htc94ea981ab/ (data as of 2026-10-31).