Alchemix Reverse Rug
A deployment script bug created phantom Alchemix vaults that misdirected $6.5M in rewards to pay off users' debts. The team froze minting within 15 minutes.
Loss
6.5M
USD
Victim dossier
Alchemix
Total losses
$6.5M
1 incident
An archive of cryptocurrency security incidents — hacks, exploits, bridge failures and rug pulls, documented with on-chain evidence.
A deployment script bug created phantom Alchemix vaults that misdirected $6.5M in rewards to pay off users' debts. The team froze minting within 15 minutes.