Incident All ledgers
Saddle Finance: $11.0m
Saddle Finance lost $11.0m on 30 April 2022. Ranked 185th of 1,272 crypto failures, with method, returned funds and comparable incidents.
- Date
- 30 April 2022
- Lost
- $11.0m
- Returned or repaid
- None recorded
- Target
- DeFi Protocol
- Category
- Protocol Logic
- Method
- Swap Logic Flaw
- Chains
- Ethereum
On April 30, 2022, an attacker used flash loan-assisted swaps to exploit price calculation flaws in Saddle Finance's sUSD/saddleUSD-V2 metapool, which relied on an incorrect MetaSwapUtils library, extracting about $11M.
Against the ledger
- It ranks 185th of the 1,272 incidents with a known loss, and 29th in 2022.
- It accounts for 4.3% of the $255.9m in known losses in April 2022.
- 164 incidents in the ledger are classified as Protocol Logic, for $293.4m in total. This one is 3.7% of that.
- The ledger records no returned funds.
Closest in size by the same method
| Date | Target | Lost | Type | Method | Returned |
|---|---|---|---|---|---|
| 17 May 2021 | BearnFi | $18.0m | DeFi Protocol | Withdrawal Logic Flaw | — |
| 25 Mar 2025 | Abracadabra Spell | $13.0m | DeFi Protocol | Liquidation Logic Flaw | — |
| 16 Feb 2023 | Platypus Finance | $8.5m | DeFi Protocol | Protocol Logic | $222,634 |
| 22 Jul 2021 | THORChain DEX | $8.0m | DeFi Protocol | Withdrawal Logic Flaw | — |
| 22 Aug 2026 | TAC | $7.5m | Chain | Withdrawal Logic Flaw | — |
All failures in 2022 · The failures ledger
Amounts are DefiLlama’s estimates and can change as incidents are revalued. Its returned figure can include money a company repaid itself, not only funds recovered from attackers. Source: DefiLlama.
Cite this Bitminer.io, “Saddle Finance, failures ledger”, data to 2 November 2026, https://bitminer.io/ledger/incident/saddle-finance-2022-04-30/. How this is built