Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home Incidents

Clipper DEX Cyberattack Leads to $450K Loss

December 2, 2024
Reading Time: 2 mins read
in Incidents
Clipper DEX Cyberattack Leads to $450K Loss

On December 1, 2024, Clipper, a decentralized exchange (DEX), was targeted in a cyberattack that led to a loss of approximately $450,000. Initially, rumors suggested that the attack was caused by a private key leak. However, Clipper quickly clarified that the exploit stemmed from a vulnerability in its withdrawal functionality, specifically within the Optimism and Base pools. This breach accounted for around 6% of the exchange’s total value locked (TVL). While the attacker attempted to exploit other chains, those efforts were unsuccessful, and the vulnerability was eventually contained.

In response to the attack, Clipper immediately halted all swaps and deposits across its platform to prevent further damage. However, the withdrawal function remained active but with significant restrictions. Users were no longer able to withdraw single assets, instead having to withdraw a mix of all assets in the affected pools. This measure was implemented to limit the exploit’s reach and protect remaining funds on the platform.

Clipper also emphasized that the breach was not due to a private key leak, as was initially suggested by third-party claims. The vulnerability was traced back to a bundled swap-and-withdraw function, which allowed attackers to exploit the system and withdraw more funds than they had initially deposited. By using the platform’s API to sign transactions, the attacker manipulated the withdrawal process, ultimately siphoning more tokens than expected.

The platform has since assured its users that no additional pools or chains were impacted, and it continues to conduct a thorough investigation into the exploit. Clipper is focused on tracing the stolen funds and recovering them, providing regular updates as new information becomes available. In a final attempt to resolve the situation amicably, the platform has even reached out directly to the attacker, urging them to come forward for a peaceful resolution. As of now, Clipper maintains transparency and reassures users that no funds within the pools were compromised.

Reference:

  • Clipper DEX Cyberattack Exploits Withdrawal Flaw Resulting in $450,000 Loss
Tags: ClipperCryptocurrenciescyber incidentsCyber Incidents 2024Cyber threatsCyberattackDecember 2024Vulnerabilities
ADVERTISEMENT

Related Posts

Arla Foods Dairy Plant Production Halted By A Disruptive Cyberattack

Arla Plant Cyberattack Halts Operations

May 19, 2025
Massive DDoS Attack Cripples Poland's Civic Platform And Public Entities

Massive DDoS Hits Poland’s Civic Platform

May 19, 2025
Georgia’s Harbin Clinic Hit by Data Breach

Georgia’s Harbin Clinic Hit by Data Breach

May 19, 2025
Coinbase Insider Attack Exposed User Data

Coinbase Insider Attack Exposed User Data

May 16, 2025
Coinbase Insider Attack Exposed User Data

Hackers Target Swiss Reserve Power Plant

May 16, 2025
Coinbase Insider Attack Exposed User Data

Cyberattack Hits J Batista Group

May 16, 2025

Latest Alerts

Mozilla Urgent Firefox Patch Fixes RCE Flaws

ModiLoader Malware Targets Windows Users

Glibc Flaw Gives Linux Root Access Risk

Fileless Remcos RAT Delivery Via LNK Files

FBI Warns of AI Voice Phishing Scams

APT28 RoundPress Webmail Hack Steals Emails

Subscribe to our newsletter

    Latest Incidents

    Massive DDoS Hits Poland’s Civic Platform

    Arla Plant Cyberattack Halts Operations

    Georgia’s Harbin Clinic Hit by Data Breach

    Hackers Target Swiss Reserve Power Plant

    Coinbase Insider Attack Exposed User Data

    Cyberattack Hits J Batista Group

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial