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Hack history / 2025 / Hack or exploit

Unilend V2

Hack or exploit on Jan 12, 2025 · Redeem Logic Flaw

ATTACK TX CONFIRMED ON CHAINSOURCES AGREE ON DATE AND LOSS · 4 SOURCES
Lost
$198K
dollars at the time
Returned
none listed
as the sources state it
Rank
#1,498
among thefts by dollars lost

What happened

Unilend V2 lost $197.6K when attacker used a flash loan to deposit 60M USDC, then exploited stale balance references in the userBalanceOfToken function to manipulate health factor calculations and withdraw 60 stETH.

Details

Date
Jan 12, 2025
Kind
Hack or exploit
Method
Redeem Logic Flaw
How in
Smart contract bug
Target
DeFi protocol
Chains
Ethereum

Reported by

Cite this pageSwanBluechip, "Unilend V2 hack, Jan 12, 2025: $198K lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htf4f920fe42/ (data as of 2026-10-31).
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