BTC $79,062.50 -1.57%
ETH $2,489.63 -0.89%
BNB $739.78 -1.71%
XRP $1.40 -1.80%
SOL $103.70 -2.61%
TRX $0.3343 -0.29%
DOGE $0.0905 -0.31%
ADA $0.2203 -1.57%
BCH $259.22 -0.54%
LINK $12.74 -3.45%
HYPE $85.16 -3.05%
AAVE $131.65 -3.51%
SUI $0.8187 +0.98%
XLM $0.1936 +3.18%
ZEC $1,140.43 -6.86%
BTC $79,062.50 -1.57%
ETH $2,489.63 -0.89%
BNB $739.78 -1.71%
XRP $1.40 -1.80%
SOL $103.70 -2.61%
TRX $0.3343 -0.29%
DOGE $0.0905 -0.31%
ADA $0.2203 -1.57%
BCH $259.22 -0.54%
LINK $12.74 -3.45%
HYPE $85.16 -3.05%
AAVE $131.65 -3.51%
SUI $0.8187 +0.98%
XLM $0.1936 +3.18%
ZEC $1,140.43 -6.86%

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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