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UtopiaSphere Incident Analysis

ID: c588c46e-c646-5d38-8c82-5eaea6c5a555

STIX ID: report--c588c46e-c646-5d38-8c82-5eaea6c5a555

Feed Name: CertiK Blog

Threat Score
70/100

Date Published: 2024-07-31

Date Updated: 2026-06-11

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On 21 July 2024 UtopiaSphere's UPS token was exploited for approximately $521K in a flash‑loan attack that manipulated a swapBurn() burn-on-transfer mechanism to leave the UPS/USDT pair with 1 wei of UPS and drain its USDT reserves; the report details the attack flow, smart contract and attacker addresses, post‑exploit fund flows (converted to ETH and bridged to an Ethereum address), and prior related abuse of the same vulnerability in April 2024.

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