Skip to main content
The Vault Incidents page is a curated timeline of exploits, depegs, and governance failures that affected DeFi yield vaults — protocols where users deposit stablecoins to earn yield. Unlike the real-time risk score, this is a historical record with root-cause analysis.

Event categories

CategoryDescription
Vault contractExploit or vulnerability in the vault’s own smart contract code.
Strategy / protocolThe underlying yield strategy or protocol (e.g. Aave, Compound, Curve) had an incident.
InfrastructureBridge exploit, oracle manipulation, or cross-chain infrastructure failure affecting vault TVL.
StablecoinThe stablecoin held in the vault depegged, causing vault share value to fall.
Governance / adminMultisig compromise, malicious upgrade, or governance attack on the protocol.

Attack mechanisms

MechanismDescription
Oracle manipulationPrice feed manipulated to allow under-collateralised borrows or inflated vault share prices.
Flash loanSingle-transaction loan used to temporarily distort pool prices or drain reserves.
ReentrancyContract called back before state is updated, allowing multiple withdrawals against one deposit.
Logic errorBug in accounting, share calculation, or reward distribution.
Donation attackSending tokens directly to a contract manipulates share price calculations.
Collateral mispricingLST or illiquid collateral mispriced relative to the underlying, creating exploitable spread.
Insolvency cascadeUndercollateralised positions trigger liquidations that propagate across protocols.
Liquidity freezeWithdrawals blocked due to governance action, regulatory intervention, or protocol pause.
Bridge exploitValidator compromise or logic error in a cross-chain bridge draining bridged stablecoin TVL.

Event type badges

BadgeMeaning
Exploit / HackActive smart contract exploit — funds lost or at immediate risk.
Rug / DrainInsider-initiated fund drain or exit scam.
DepegStablecoin held by the vault lost its peg, reducing vault NAV.
OracleOracle manipulation — not necessarily an exploit but abnormal price feed.
IncidentOther category: governance issue, pause, admin action.