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HYPE $39.67 -4.77%
AAVE $96.16 -0.47%
SUI $0.9186 -0.45%
XLM $0.1620 -1.57%
ZEC $334.75 -5.37%
BTC $75,965.12 -0.98%
ETH $2,279.21 -0.17%
BNB $622.85 +0.05%
XRP $1.37 -1.16%
SOL $83.40 -1.04%
TRX $0.3232 -0.55%
DOGE $0.0990 +1.44%
ADA $0.2454 +0.01%
BCH $446.24 -0.37%
LINK $9.21 -0.03%
HYPE $39.67 -4.77%
AAVE $96.16 -0.47%
SUI $0.9186 -0.45%
XLM $0.1620 -1.57%
ZEC $334.75 -5.37%

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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