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BTC $77,442.17 +2.50%
ETH $2,360.59 +2.30%
BNB $639.74 +1.60%
XRP $1.44 +1.50%
SOL $87.20 +2.46%
TRX $0.3313 +0.81%
DOGE $0.0961 +1.51%
ADA $0.2539 +2.68%
BCH $451.73 +2.18%
LINK $9.47 +2.06%
HYPE $40.04 -2.38%
AAVE $92.50 +0.56%
SUI $0.9591 +1.86%
XLM $0.1795 +3.23%
ZEC $316.41 -0.00%

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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