BTC $64,213.25 +0.18%
ETH $1,868.24 +0.57%
BNB $568.05 +0.70%
XRP $1.09 +0.80%
SOL $74.28 +0.95%
TRX $0.3306 +0.01%
DOGE $0.0722 +4.88%
ADA $0.1639 +0.43%
BCH $209.20 +0.05%
LINK $8.36 +0.49%
HYPE $57.94 +1.01%
AAVE $91.22 -2.26%
SUI $0.7110 +0.28%
XLM $0.1779 +0.18%
ZEC $483.56 -2.04%
BTC $64,213.25 +0.18%
ETH $1,868.24 +0.57%
BNB $568.05 +0.70%
XRP $1.09 +0.80%
SOL $74.28 +0.95%
TRX $0.3306 +0.01%
DOGE $0.0722 +4.88%
ADA $0.1639 +0.43%
BCH $209.20 +0.05%
LINK $8.36 +0.49%
HYPE $57.94 +1.01%
AAVE $91.22 -2.26%
SUI $0.7110 +0.28%
XLM $0.1779 +0.18%
ZEC $483.56 -2.04%

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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