How much was lost in the Verge hack?

The Verge hack resulted in $1.8M in losses on May 22, 2018.

What attack technique was used in the Verge exploit?

The Verge exploit utilized Withdrawal Logic Flaw. Understanding this attack vector is critical for smart contract auditors and developers building secure DeFi protocols.

How can developers prevent similar smart contract attacks?

Preventing smart contract hacks requires a combination of secure coding practices, thorough security audits, and understanding common attack vectors like reentrancy, oracle manipulation, and access control flaws. Smart Contract Hacking (SCH) provides hands-on training to help developers and auditors identify and prevent vulnerabilities before deployment.

Verge Hack

TOTAL LOST $1.8M

Medium May 22, 2018 Withdrawal Logic Flaw verge

Affected Chain verge Incident surface

Recovered - No recovery reported

All-Time Rank #819 By amount stolen

Year 2018 Incident year

Incident Report

Protocol / Project Verge

Date of Incident May 22, 2018

Affected Chain(s) verge

Attack Technique Withdrawal Logic Flaw

Classification Protocol Logic

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 withdrawal logic flaw and Solidity and EVM internals

Capital Required Seed capital to cover gas and initial position setup

On-Chain Access Ability to interact with verge smart contracts and deploy a custom exploit contract

Protocol Analysis Identification of the exploitable vulnerability in Verge'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? Likely, with a thorough Withdrawal Logic Flaw audit checklist and test coverage

If you're auditing a protocol with similar architecture to Verge, these are the critical security checks that could have prevented this incident (May 2018).

Verify all logic paths related to Withdrawal Logic Flaw are guarded by proper access controls and input validation
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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Threat Assessment

Severity Level

MEDIUM

Attack Vector Withdrawal Logic Flaw
Root Cause Protocol Logic
Year 2018

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Incident Report

What the Attacker Needed to Succeed

What Auditors Should Check

Related Hacks - Withdrawal Logic Flaw

Learn to Prevent the Next Verge