Incident Overview
A protocol for active liquidity management and market-making strategies. Gamma offers non-custodial, automated, and active concentrated liquidity management services.
Incident Report
Protocol Information
Market Context at Time of Hack
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.
What Auditors Should Check
If you're auditing a protocol with similar architecture to Gamma, these are the critical security checks that could have prevented this incident (January 2024).
- Verify all logic paths related to Price Manipulation 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.
Free TrialRelated Attack Classes
The technique used in this hack maps to these vulnerability classes in our security curriculum:
Proof-of-Concept Exploits
On-Chain Evidence & References
- Twitter/X Alert https://twitter.com/officer_cia/status/1742772207997050899
- Twitter/X Alert https://twitter.com/shoucccc/status/1742765618984829326
Sources & References
Learn to Prevent the Next Gamma
The Gamma 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.