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Conic Finance Incident Analysis

ID: 2005e853-5e9f-5725-8279-70b70c2ec8ea

STIX ID: report--2005e853-5e9f-5725-8279-70b70c2ec8ea

Feed Name: CertiK Blog

Threat Score
75/100

Date Published: 2023-07-28

Date Updated: 2026-06-11

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On 21 July 2023 Conic Finance's ETH Omnipool was exploited via a flash loan combined with a read-only reentrancy vulnerability (caused by an incorrect ETH/WETH assumption), resulting in ~1724 ETH (~$3.2M) stolen and an additional ~$300K lost to MEV arbitrage in the crvUSD pool; the report documents attacker addresses, transaction flow, root cause, and partial recovery/bounty actions.

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