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HYPE $38.90 +0.35%
AAVE $89.69 -4.69%
SUI $0.9075 -2.06%
XLM $0.1528 -4.61%
ZEC $312.02 -5.88%
BTC $70,673.60 -0.62%
ETH $2,163.02 -2.16%
BNB $599.26 -0.66%
XRP $1.32 -2.38%
SOL $81.69 -1.54%
TRX $0.3185 +0.33%
DOGE $0.0911 -2.51%
ADA $0.2495 -1.80%
BCH $434.96 -1.99%
LINK $8.73 -3.33%
HYPE $38.90 +0.35%
AAVE $89.69 -4.69%
SUI $0.9075 -2.06%
XLM $0.1528 -4.61%
ZEC $312.02 -5.88%

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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