ChainBleedv0.1 · open intel
← back to feed·FLASHLOAN2022-09-08 · 3y ago
Incident · CHAINSEC

New Free DAO

Exploit
Estimated loss
$1.02M
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
FLASHLOAN
FLASHLOANBYTECODE CATCHABLEAI SCANNABLE
Root cause

Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.

▰ PROOF OF CONCEPT
DEFIHACKLABS
src/test/2022-09/NewFreeDAO_exp.sol
view forked test on github ↗

Reproducible Foundry test fork from SunWeb3Sec/DeFiHackLabs. Clone the repo, run forge test against the file path above, and replay the exploit against a mainnet fork at the historical block. Use for reproduction only — not for live targets.

Forensic narrative

In September 2022, DeFi project New Free DAO was the victim of a flash loan attack. The attacker took advantage of weak reward calculation code to drain 4,481 WBNB worth approximately $1.25 million from the contract. Reported loss: $1,025,000.

Primary source
https://halborn.com/explained-the-new-free-dao-hack-september-2022/
Sourced from
chainsec
Technical record
chain
protocol
New Free DAO
bug_class
flashloan
date_occurred
2022-09-08
loss_usd
$1,025,000
source_id
cs:new-free-dao::2022-09-08
Related — same bug class· flashloan
2026-05-11
1mo ago
POLY
Ink Finance
Contract Vulnerability
flashloan
$140.0K
UNRATED
2026-05-04
1mo ago
ETH
SmartCredit
Flashloan Exploit
flashloan
$72.0K
UNRATED
2026-05-04
1mo ago
SmartCredit
Flash Loan Exploit
flashloan
$72.0K
UNRATED
2026-04-28
1mo ago
BSC
JUDAO
Flashloan Exploit
flashloan
$228.0K
UNRATED
2026-04-28
1mo ago
JUDAO
Exploit
flashloan
$228.0K
UNRATED
2026-04-15
1mo ago
LootBot AI
Contract Vulnerability
flashloan
$9.6K
UNRATED
ChainBleed — live web3 threat intelligence