CoinSpot Hack

TOTAL LOST $2.4M
Medium Private Key Compromised (Unknown Method) ethereum

Summarize with AI

ChatGPT Perplexity Claude Grok
Affected Chain ethereum Incident surface
Recovered - No recovery reported
All-Time Rank #589 By amount stolen
Protocol Type DEX Aggregator Target category

Incident Overview

Chainspot platform is the largest cross-chain solutions aggregator with liquidity router and analytics

This is classified as a Access Control Attacks . Compare similar hacks →

Incident Report

Protocol / Project CoinSpot
Date of Incident
Affected Chain(s) ethereum
Attack Technique Private Key Compromised (Unknown Method)
Classification Infrastructure
Primary Source View Post-Mortem

Protocol Information

Protocol Type DEX Aggregator
Official Website chainspot.io/portal
Protocol Twitter/X @ChainspotIO

Market Context at Time of Hack

Token Categories
Mineable
Protocol Links

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 Operational-security tradecraft (phishing, malware, leaked seed phrases, or insider access) to obtain treasury signing authority
Capital Required Minimal capital - only enough to cover gas while draining the compromised accounts
On-Chain Access Valid signing authority over the compromised wallets / multisig signers, allowing direct transfer of funds or stake authorization
Target Reconnaissance Identification of CoinSpot's high-value treasury accounts and the authority / multisig structure controlling them
Execution Speed Speed to drain the compromised accounts before the team detects the breach and revokes signing authority or freezes the assets
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? Hard to catch — private key / OpSec failures are outside smart contract audit scope

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

  • Verify all logic paths related to Private Key Compromised (Unknown Method) are guarded by proper access controls and input validation - see the Access Control Attacks attack class for patterns
  • 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.

Free Trial

Related Attack Classes

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

See all Access Control Attacks examples →

Access Control Attacks

Sources & References

Browse all hacks

These hacks used the same attack technique. Understanding the pattern helps prevent future exploits.

Zoth ZeUSD $8.8M
Private Key Compromised (Unknown Method)
Moby $1.5M
Private Key Compromised (Unknown Method)
CoinStats $2.2M
Private Key Compromised (Unknown Method)
Locus Finance $321K
Private Key Compromised (Unknown Method)
OKX DEX $2.7M
Private Key Compromised (Unknown Method)
Huobi $26.4M
Private Key Compromised (Unknown Method)

Learn to Prevent the Next CoinSpot

The CoinSpot hack is one of many attacks that skilled auditors are trained to detect before deployment. Master real exploit patterns and defense techniques with hands-on Web3 security training.

Start Free Trial Browse Attack Library
Recreate exploit patterns safely Free Trial