BTC $77,815.39 +0.30%
ETH $2,408.30 -0.52%
BNB $697.96 +1.45%
XRP $1.37 +1.72%
SOL $100.99 +0.86%
TRX $0.3261 +0.90%
DOGE $0.0830 +1.58%
ADA $0.2050 +3.68%
BCH $248.55 +0.38%
LINK $11.23 -0.22%
HYPE $82.34 -1.09%
AAVE $127.51 -4.37%
SUI $0.7647 +5.53%
XLM $0.1768 +0.64%
ZEC $832.04 -0.48%
BTC $77,815.39 +0.30%
ETH $2,408.30 -0.52%
BNB $697.96 +1.45%
XRP $1.37 +1.72%
SOL $100.99 +0.86%
TRX $0.3261 +0.90%
DOGE $0.0830 +1.58%
ADA $0.2050 +3.68%
BCH $248.55 +0.38%
LINK $11.23 -0.22%
HYPE $82.34 -1.09%
AAVE $127.51 -4.37%
SUI $0.7647 +5.53%
XLM $0.1768 +0.64%
ZEC $832.04 -0.48%

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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