BTC $79,204.32 -1.03%
ETH $2,493.35 -0.78%
BNB $739.85 -1.68%
XRP $1.40 -1.64%
SOL $103.97 -1.99%
TRX $0.3345 -0.46%
DOGE $0.0905 +0.27%
ADA $0.2213 -0.40%
BCH $261.14 +0.85%
LINK $12.79 -2.53%
HYPE $85.27 -3.28%
AAVE $132.59 -1.44%
SUI $0.8317 +2.30%
XLM $0.1928 +3.73%
ZEC $1,157.55 -5.55%
BTC $79,204.32 -1.03%
ETH $2,493.35 -0.78%
BNB $739.85 -1.68%
XRP $1.40 -1.64%
SOL $103.97 -1.99%
TRX $0.3345 -0.46%
DOGE $0.0905 +0.27%
ADA $0.2213 -0.40%
BCH $261.14 +0.85%
LINK $12.79 -2.53%
HYPE $85.27 -3.28%
AAVE $132.59 -1.44%
SUI $0.8317 +2.30%
XLM $0.1928 +3.73%
ZEC $1,157.55 -5.55%

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)

app_icon
ChainCatcher Building the Web3 world with innovations.