BonqDAO Hack

TOTAL LOST $1.7M
Medium Price Oracle Attack polygon

Summarize with AI

ChatGPT Perplexity Claude Grok
Affected Chain polygon Incident surface
Recovered - No recovery reported
All-Time Rank #702 By amount stolen
Protocol Type Lending Target category

Incident Overview

BonqDAO is providing solutions for self-sovereign finance.

This is classified as a Oracle Manipulation & Price Manipulation . Compare similar hacks β†’

Incident Report

Protocol / Project BonqDAO
Date of Incident
Affected Chain(s) polygon
Attack Technique Price Oracle Attack
Classification Protocol Logic
Primary Source View Post-Mortem

Protocol Information

Protocol Type Lending
Smart Contract Language Solidity
Official Website www.boringdao.com/
Protocol Twitter/X @BonqDAO

Market Context at Time of Hack

Token Categories
Ethereum Ecosystem BNB Chain Ecosystem Optimism Ecosystem
Protocol Links
GitHub

What the Attacker Needed to Succeed

Understanding the prerequisites for this type of attack helps auditors identify protocols that are most at risk and helps developers build better defenses.

Technical Knowledge Deep understanding of price oracle attack and Solidity and EVM internals
Capital Required Seed capital to cover gas and initial position setup
On-Chain Access Ability to interact with polygon smart contracts and deploy a custom exploit contract
Protocol Analysis Identification of the exploitable vulnerability in BonqDAO's contract logic - root cause: protocol logic
Execution Speed Precise transaction ordering and timing to exploit the vulnerability within a single atomic block
Obfuscation Plan A strategy to launder and move stolen funds - typically through mixers, cross-chain bridges, or decentralized DEX swaps to resist tracing

What Auditors Should Check

Could this have been caught in audit? Yes β€” skilled auditors routinely flag Price Oracle Attack vulnerabilities in code review

If you're auditing a protocol with similar architecture to BonqDAO, these are the critical security checks that could have prevented this incident (February 2023).

  • Verify all logic paths related to Price Oracle Attack are guarded by proper access controls and input validation - see the Oracle Manipulation & Price Manipulation attack class for patterns
  • Audit oracle price feeds for manipulation risks - ensure time-weighted average prices (TWAPs) or multi-source aggregators are used, not spot prices
  • Review privileged functions (owner, admin, governance) for potential abuse vectors - centralization risks should be documented and bounded with timelocks or multi-sigs

Master these auditing techniques with hands-on labs and real exploit scenarios in the Smart Contract Hacking course.

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Related Attack Classes

The technique used in this hack maps to these vulnerability classes in our security curriculum:

See all Oracle Manipulation & Price Manipulation examples β†’

Oracle Manipulation & Price Manipulation

Proof-of-Concept Exploits

1 PoC available
poc-exploits - bonqdao
$ BonqDAO Price Oracle Manipulation

On-Chain Evidence & References

Sources & References

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Learn to Prevent the Next BonqDAO

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