BTC $62,821.36 -0.39%
ETH $1,874.10 -0.45%
BNB $601.40 -1.21%
XRP $0.9921 -1.16%
SOL $74.34 -1.57%
TRX $0.3309 -0.05%
DOGE $0.0694 -0.52%
ADA $0.1748 -1.43%
BCH $203.00 -0.24%
LINK $9.36 -1.66%
HYPE $57.18 +0.43%
AAVE $85.88 -0.67%
SUI $0.6699 -1.44%
XLM $0.1562 -1.35%
ZEC $486.62 -0.38%
BTC $62,821.36 -0.39%
ETH $1,874.10 -0.45%
BNB $601.40 -1.21%
XRP $0.9921 -1.16%
SOL $74.34 -1.57%
TRX $0.3309 -0.05%
DOGE $0.0694 -0.52%
ADA $0.1748 -1.43%
BCH $203.00 -0.24%
LINK $9.36 -1.66%
HYPE $57.18 +0.43%
AAVE $85.88 -0.67%
SUI $0.6699 -1.44%
XLM $0.1562 -1.35%
ZEC $486.62 -0.38%

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

2023-03-13 19:25:32

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)

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