Hack history / 2025 / Fraud
Ionic Protocol
Fraud on Feb 4, 2025 · Impersonation Scam
SOURCES DISAGREE ON DATE OR LOSS · 3 SOURCES
Lost
$8.6M
sources: $8.6M to $12.3M
Returned
none listed
as the sources state it
Rank
not ranked
collapses, frauds and later news are not ranked
What happened
Attackers impersonated Lombard Finance members to trick Ionic Money into listing counterfeit LBTC. Attackers then minted 250 fake LBTC as collateral to borrow $8.6-8.8M in legitimate tokens, bridging ~$3.5M to Ethereum. Inadequate identity verification enabled the social engineering.
Details
- Date
- Feb 4, 2025
- Kind
- Fraud
- Method
- Impersonation Scam
- How in
- Phishing and scams
- Target
- DeFi protocol
- Chains
- Mode
Reported by
Cite this page
SwanBluechip, "Ionic Protocol fraud, Feb 4, 2025: $8.6M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htde36cc103e/ (data as of 2026-10-31).