Share this article
DeFi Protocol xToken Suffers $24.5M Exploit
The protocol said minting has been paused on all contracts while an investigation takes place.
Updated Sep 14, 2021, 12:54โฏp.m. Published May 12, 2021, 7:46โฏp.m.
Decentralized finance (DeFi) protocol xToken said it suffered an exploit Wednesday by an attacker who used flash loans to take $24.5 million.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
xSNXa and xBNTa contracts have been exploited. Minting paused on all contracts as we investigate further.
โ xToken (@xtokenmarket) May 12, 2021
Liquidity pools have been drained, however most SNX and BNT remain in xToken contracts.
We owe the community an explanation and will be providing another update shortly
- According to Mudit Gupta, blockchain team lead at Polymath, the attacker got away with more than $8 million in xToken's SNX tokens and more than $6 million in the protocol's BNT tokens.
xToken contracts from @xtokenmarket exploited, the hacker got away with $8m+ in SNX and $6m+ in BNT tokens. The hacker minted more xSNX and xBNT than they should have. I had a very brief look at the transaction and here's the VERY EARLY analysis ๐งต๐: https://t.co/VyrudLjD1y
โ Mudit Gupta (@Mudit__Gupta) May 12, 2021
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Asia Morning Briefing: BTC Steadies Around 90k With Liquidity Drained and a Fed Cut Fully Priced In
QCP notes participation has collapsed while Polymarket sees a shallow easing path, putting the focus on guidance and cross central bank signals.
What to know:
- Bitcoin remains around $90,000 as thin year-end liquidity leads to volatility and range-bound trading.
- Traders expect a shallow easing path from the Fed, with more focus on guidance than the anticipated rate cut.
- Global market movements are influenced by diverging central bank policies and macroeconomic signals.
Top Stories
