Scan to download
BTC $77,137.33 +3.05%
ETH $2,412.21 +3.58%
BNB $644.29 +2.53%
XRP $1.47 +2.77%
SOL $88.58 +0.78%
TRX $0.3272 +0.39%
DOGE $0.0988 +1.51%
ADA $0.2582 +1.67%
BCH $453.88 +1.00%
LINK $9.63 +2.47%
HYPE $44.89 +2.49%
AAVE $115.31 +2.01%
SUI $1.00 +2.25%
XLM $0.1742 +5.30%
ZEC $335.84 +1.15%
BTC $77,137.33 +3.05%
ETH $2,412.21 +3.58%
BNB $644.29 +2.53%
XRP $1.47 +2.77%
SOL $88.58 +0.78%
TRX $0.3272 +0.39%
DOGE $0.0988 +1.51%
ADA $0.2582 +1.67%
BCH $453.88 +1.00%
LINK $9.63 +2.47%
HYPE $44.89 +2.49%
AAVE $115.31 +2.01%
SUI $1.00 +2.25%
XLM $0.1742 +5.30%
ZEC $335.84 +1.15%

Piedao: Logical flaws in the donations and liquidation of Euler Finance led to the attack

2023-03-13 19:25:32
Collection

According to ChainCatcher's message and analysis by PeckShield, Euler Finance was exploited in a series of transactions on Ethereum due to logical flaws in its donation and liquidation processes (hacker transaction address), resulting in a loss of approximately $197 million for the project. Specifically, donateToReserves needs to ensure that donors are still over-collateralized, and liquidation needs to ensure the "correct" conversion rate from borrowed to collateralized assets, as illustrated in the diagram. Additionally, there were two hackers involved in the attack: 0x5F2…8B8c and 0xBcA…7c5C. (source link)

app_icon
ChainCatcher Building the Web3 world with innovations.