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XLM $0.2018 -3.99%
ZEC $425.11 +19.74%
BTC $61,759.80 +1.50%
ETH $1,627.39 +4.19%
BNB $593.45 +3.06%
XRP $1.12 +3.26%
SOL $64.43 +3.60%
TRX $0.3253 +0.77%
DOGE $0.0835 +2.61%
ADA $0.1602 +1.33%
BCH $223.35 +2.91%
LINK $7.65 +3.81%
HYPE $58.30 +2.58%
AAVE $62.07 +2.06%
SUI $0.7374 +3.49%
XLM $0.2018 -3.99%
ZEC $425.11 +19.74%

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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