Incident All ledgers
Vee Finance: $34.0m
Vee Finance lost $34.0m on 21 September 2021. Ranked 93rd of 1,272 crypto failures, with method, returned funds and comparable incidents.
- Date
- 21 September 2021
- Lost
- $34.0m
- Returned or repaid
- None recorded
- Target
- DeFi Protocol
- Category
- Oracle Manipulation
- Method
- Spot Price Manipulation
- Chains
- Avalanche
Vee Finance, a lending protocol on Avalanche, lost roughly $34-35M in BTC and ETH on September 21, 2021. The attacker created fake trading pairs on Pangolin DEX and traded to distort the prices that Vee Finance relied on as its only oracle.
Against the ledger
- It ranks 93rd of the 1,272 incidents with a known loss, and 19th in 2021.
- It accounts for 17.4% of the $195.9m in known losses in September 2021.
- 159 incidents in the ledger are classified as Oracle Manipulation, for $894.1m in total. This one is 3.8% of that.
- The ledger records no returned funds.
Closest in size by the same method
| Date | Target | Lost | Type | Method | Returned |
|---|---|---|---|---|---|
| 19 May 2021 | Bunny | $45.0m | DeFi Protocol | Spot Price Manipulation | — |
| 12 May 2021 | xToken | $24.0m | DeFi Protocol | Spot Price Manipulation | — |
| 26 Oct 2020 | Harvest Finance | $24.0m | DeFi Protocol | Spot Price Manipulation | — |
| 12 Apr 2022 | Elephant Money | $22.2m | DeFi Protocol | Spot Price Manipulation | — |
| 06 Nov 2022 | Pando Rings | $22.0m | DeFi Protocol | Spot Price Manipulation | — |
All failures in 2021 · 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, “Vee Finance, failures ledger”, data to 2 November 2026, https://bitminer.io/ledger/incident/vee-finance-2021-09-21/. How this is built