Hack history / 2022 / Hack or exploit
New Free DAO
Hack or exploit on Sep 8, 2022 · Reward Logic Flaw
ATTACK TX CONFIRMED ON CHAINSOURCES AGREE ON DATE AND LOSS · 4 SOURCES
Lost
$1.2M
dollars at the time
Returned
none listed
as the sources state it
Rank
#863
among thefts by dollars lost
What happened
New Free DAO was exploited via flash loans when the reward calculation relied solely on deposited balance without protection. The attacker repeatedly flash-loaned funds to claim disproportionate rewards and drain ~$1.25 million in WBNB.
Details
- Date
- Sep 8, 2022
- Kind
- Hack or exploit
- Method
- Reward Logic Flaw
- How in
- Smart contract bug
- Target
- DeFi protocol
- Chains
- BNB Chain
Related incidents
Someone accidentally spends 100 ETH (~$190,000) on a free NFT 2023 · Costly mistake or other · $190K
Bug in Treasure NFT marketplace results in listings being sold for free 2022 · Hack or exploit · $1.4M
Ethereum Alarm Clock 2022 · Hack or exploit · $260K
Nimbus 2022 · Hack or exploit · $76K
UEarnPool 2022 · Hack or exploit · $16K
Bug in Treasure NFT marketplace results in listings being sold for free 2022 · Hack or exploit · $1.4M
Ethereum Alarm Clock 2022 · Hack or exploit · $260K
Nimbus 2022 · Hack or exploit · $76K
UEarnPool 2022 · Hack or exploit · $16K
Cite this page
SwanBluechip, "New Free DAO hack, Sep 8, 2022: $1.2M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htfcd077bcea/ (data as of 2026-10-31).