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ZEC $319.23 +0.74%
BTC $77,183.27 +1.82%
ETH $2,346.21 +1.57%
BNB $636.82 +1.15%
XRP $1.44 +1.12%
SOL $87.20 +2.21%
TRX $0.3333 +1.56%
DOGE $0.0960 +0.82%
ADA $0.2530 +2.33%
BCH $451.17 +1.81%
LINK $9.50 +2.11%
HYPE $40.36 -1.02%
AAVE $93.24 +1.48%
SUI $0.9586 +1.55%
XLM $0.1799 +3.45%
ZEC $319.23 +0.74%

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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