WXETA Hack

TOTAL LOST $110K
Low Access Control Exploit bsc ethereum

Summarize with AI

ChatGPT Perplexity Claude Grok
Affected Chain bsc 2 chains affected
Recovered - No recovery reported
All-Time Rank #1469 By amount stolen
Year 2024 Incident year

Incident Overview

Kwenta (KWENTA) is a cryptocurrency and operates on the Optimism platform. Kwenta has a current supply of 607,155.62 with 431,809.088 in circulation. The last known price of Kwenta is 5.04632165 USD and is down -7.06 over the last 24 hours.

It is currently trading on 33 active market(s) with $0.00 traded over the last 24 hours. More information can be found at https://kwenta.io/.

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

Incident Report

Protocol / Project WXETA
Date of Incident
Affected Chain(s) bsc ethereum
Attack Technique Access Control Exploit
Classification Protocol Logic
Primary Source View Post-Mortem

Protocol Information

Smart Contract Language Solidity
Official Website kwenta.io/
Protocol Twitter/X @kwenta_io

Market Context at Time of Hack

Token Categories
DeFi Derivatives Optimism Ecosystem Perp dex coins
Protocol Links
Discord

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 WXETA'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? Likely — with a thorough Access Control Exploit audit checklist and test coverage

If you're auditing a protocol with similar architecture to WXETA, these are the critical security checks that could have prevented this incident (September 2024).

  • Verify all logic paths related to Access Control Exploit 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

Proof-of-Concept Exploits

1 PoC available
poc-exploits - wxeta
$ WXETA Logic Flaw

On-Chain Evidence & References

Sources & References

Browse all hacks

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

M2 Exchange $13.7M
Access Control Exploit
Radiant V2 $53.0M
Access Control Exploit
OKX NFT Aggregator $14K
Access Control Exploit
YOLO Games $1.5M
Access Control Exploit
Ara Finance $131K
Access Control Exploit
Gamma $8.2M
Access Control Exploit

Learn to Prevent the Next WXETA

The WXETA 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