{"id":40439,"date":"2021-04-09T07:00:00","date_gmt":"2021-04-09T04:00:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=40439"},"modified":"2025-08-30T14:08:23","modified_gmt":"2025-08-30T11:08:23","slug":"the-harvest-heist-how-hackers-obfuscated-trails-after-harvest-finance-attack","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/the-harvest-heist-how-hackers-obfuscated-trails-after-harvest-finance-attack\/","title":{"rendered":"The Harvest Heist: How Hackers Obfuscated Trails After Harvest Finance Attack"},"content":{"rendered":"

In 2020, DeFi projects surged in popularity. The amount of capital locked in the sector had already surpassed $100 billion, and the number of projects exceeded 200. But a fly in the ointment is often present.<\/p>\n

Rapid growth of DeFi<\/a> drew the attention of attackers who exploit vulnerabilities in existing projects and create their own fraudulent schemes under the banner of decentralized finance.<\/p>\n

Liquidity pools on DEXs, in combination with mixers, began to be used to obscure traces for money laundering.<\/p>\n

For ForkLog, the analytical company Crystal Blockchain thoroughly analyzed the Harvest Finance hack, which became the largest incident in the DeFi space in late 2020.<\/p>\n

Timeline of the Hack<\/h2>\n

Harvest Finance is a protocol enabling yield farming<\/a>, which aggregates yields across various lending protocols, optimizing them to extract maximum profits.<\/p>\n

On October 26, an unknown hacker, by arbitrage manipulation, transferred about $25 million to his address (13 million USDC and 11 million USDT).<\/p>\n

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The hacker withdrew $19.8 million from the Harvest Finance platform. The FARM price fell by 50%<\/a><\/p>\n<\/blockquote>\n