BTC $78,976.28 +0.66%
ETH $2,490.82 +0.64%
BNB $749.66 -0.53%
XRP $1.42 +1.96%
SOL $103.79 +0.83%
TRX $0.3391 +0.20%
DOGE $0.0906 +1.18%
ADA $0.2190 +0.74%
BCH $257.58 +0.68%
LINK $12.08 -3.45%
HYPE $85.88 +3.14%
AAVE $129.22 -0.50%
SUI $0.8084 -1.10%
XLM $0.1882 -0.41%
ZEC $1,271.33 +10.13%
BTC $78,976.28 +0.66%
ETH $2,490.82 +0.64%
BNB $749.66 -0.53%
XRP $1.42 +1.96%
SOL $103.79 +0.83%
TRX $0.3391 +0.20%
DOGE $0.0906 +1.18%
ADA $0.2190 +0.74%
BCH $257.58 +0.68%
LINK $12.08 -3.45%
HYPE $85.88 +3.14%
AAVE $129.22 -0.50%
SUI $0.8084 -1.10%
XLM $0.1882 -0.41%
ZEC $1,271.33 +10.13%

Piedao: Logical flaws in the donations and liquidation of Euler Finance led to the attack

2023-03-13 19:25:32

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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