BTC $63,689.62 +0.94%
ETH $1,863.10 -0.03%
BNB $591.17 +1.28%
XRP $1.07 +0.24%
SOL $73.70 +1.10%
TRX $0.3287 +0.86%
DOGE $0.0704 +0.60%
ADA $0.1925 +3.94%
BCH $212.56 +0.62%
LINK $8.19 -1.21%
HYPE $54.26 +3.77%
AAVE $92.85 +1.57%
SUI $0.6949 +1.34%
XLM $0.1708 -0.81%
ZEC $483.91 +0.98%
BTC $63,689.62 +0.94%
ETH $1,863.10 -0.03%
BNB $591.17 +1.28%
XRP $1.07 +0.24%
SOL $73.70 +1.10%
TRX $0.3287 +0.86%
DOGE $0.0704 +0.60%
ADA $0.1925 +3.94%
BCH $212.56 +0.62%
LINK $8.19 -1.21%
HYPE $54.26 +3.77%
AAVE $92.85 +1.57%
SUI $0.6949 +1.34%
XLM $0.1708 -0.81%
ZEC $483.91 +0.98%

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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