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LINK $7.81 +2.29%
HYPE $62.28 +4.61%
AAVE $62.59 +0.59%
SUI $0.7427 -0.85%
XLM $0.1993 -4.61%
ZEC $424.05 +4.28%
BTC $62,925.05 +1.99%
ETH $1,662.07 +3.86%
BNB $595.58 +1.89%
XRP $1.12 +1.95%
SOL $65.55 +1.98%
TRX $0.3273 +0.61%
DOGE $0.0850 +1.25%
ADA $0.1611 +0.52%
BCH $222.83 -0.98%
LINK $7.81 +2.29%
HYPE $62.28 +4.61%
AAVE $62.59 +0.59%
SUI $0.7427 -0.85%
XLM $0.1993 -4.61%
ZEC $424.05 +4.28%

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)

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