BTC $62,836.03 +0.65%
ETH $1,765.29 +1.08%
BNB $571.21 -0.00%
XRP $1.12 +1.02%
SOL $80.75 -1.35%
TRX $0.3246 +0.30%
DOGE $0.0767 -0.02%
ADA $0.1911 +7.67%
BCH $237.58 +4.65%
LINK $7.93 +0.40%
HYPE $68.88 -2.02%
AAVE $88.11 -0.35%
SUI $0.7433 -2.14%
XLM $0.2039 -0.73%
ZEC $457.81 -0.77%
BTC $62,836.03 +0.65%
ETH $1,765.29 +1.08%
BNB $571.21 -0.00%
XRP $1.12 +1.02%
SOL $80.75 -1.35%
TRX $0.3246 +0.30%
DOGE $0.0767 -0.02%
ADA $0.1911 +7.67%
BCH $237.58 +4.65%
LINK $7.93 +0.40%
HYPE $68.88 -2.02%
AAVE $88.11 -0.35%
SUI $0.7433 -2.14%
XLM $0.2039 -0.73%
ZEC $457.81 -0.77%

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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