BTC $64,252.37 +0.22%
ETH $1,868.81 +0.57%
BNB $568.00 +0.61%
XRP $1.09 +0.72%
SOL $74.29 +0.86%
TRX $0.3304 -0.11%
DOGE $0.0722 +4.62%
ADA $0.1643 +0.56%
BCH $209.14 -0.17%
LINK $8.36 +0.57%
HYPE $58.02 +0.29%
AAVE $91.23 -2.45%
SUI $0.7113 +0.06%
XLM $0.1781 +0.20%
ZEC $483.39 -2.31%
BTC $64,252.37 +0.22%
ETH $1,868.81 +0.57%
BNB $568.00 +0.61%
XRP $1.09 +0.72%
SOL $74.29 +0.86%
TRX $0.3304 -0.11%
DOGE $0.0722 +4.62%
ADA $0.1643 +0.56%
BCH $209.14 -0.17%
LINK $8.36 +0.57%
HYPE $58.02 +0.29%
AAVE $91.23 -2.45%
SUI $0.7113 +0.06%
XLM $0.1781 +0.20%
ZEC $483.39 -2.31%

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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