BTC $77,773.67 +0.30%
ETH $2,407.84 -0.35%
BNB $692.77 +0.71%
XRP $1.37 +1.27%
SOL $101.09 +0.66%
TRX $0.3254 +1.13%
DOGE $0.0830 +2.04%
ADA $0.2058 +3.89%
BCH $247.61 -0.53%
LINK $11.19 -0.53%
HYPE $82.41 -0.80%
AAVE $127.31 -1.48%
SUI $0.7723 +6.77%
XLM $0.1782 +1.03%
ZEC $822.46 -1.80%
BTC $77,773.67 +0.30%
ETH $2,407.84 -0.35%
BNB $692.77 +0.71%
XRP $1.37 +1.27%
SOL $101.09 +0.66%
TRX $0.3254 +1.13%
DOGE $0.0830 +2.04%
ADA $0.2058 +3.89%
BCH $247.61 -0.53%
LINK $11.19 -0.53%
HYPE $82.41 -0.80%
AAVE $127.31 -1.48%
SUI $0.7723 +6.77%
XLM $0.1782 +1.03%
ZEC $822.46 -1.80%

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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