Incident case

Synapse 2021 nUSD metapool exploit

An attacker manipulated the Avalanche nUSD metapool virtual price by approximately 12.5% through a bug in the Saddle-derived metapool implementation. The attacker attempted to move approximately $8.2 million in nUSD through the bridge while validators were offline; the malicious transaction was not processed and affected liquidity providers were to be made whole.

reviewedcurrent

Incident facts

Incident title
Synapse 2021 nUSD metapool exploit
Bridge
Synapse Protocol
Incident date
2021-11-06
Incident type
Exploit
Major incident
Yes
Affected chains
Avalanche, Unknown
Affected assets
nUSD, USDC, Unknown
Attack category
Metapool Virtual Price Bug
Reported loss
No ultimate fund loss reported; approximately $8.2 million nUSD protected
Recovery
Funds Protected
Reimbursement
In Progress
Restart
Reopened
Current outcome
Active After Incident
Resolution
Unresolved
Last reviewed
2026-06-15
Last verified
2026-06-15

Timeline events

  • Synapse paused metapools, AMM, and bridge after nUSD manipulation2021-11-06

    Synapse identified abnormal nUSD metapool pricing, paused pools across six chains, and coordinated validators to go offline.

    Metapool Exploit Detected And Network PausedHigh
  • Approximately $8.2 million nUSD transfer left unprocessed2021-11-06

    Validators did not process the attacker's approximately $8.2 million nUSD bridge transaction, preserving the funds for affected liquidity providers.

    Malicious Bridge Transaction BlockedHigh
  • Synapse restored the bridge and began pool migration2021-11-07

    New pools were deployed, validators returned online, pending transactions were processed, and migration away from the vulnerable metapool design began.

    Bridge Restored And Liquidity Migration StartedHigh

Evidence records

Known unknowns