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XRP $1.43 -0.13%
SOL $86.28 +0.68%
TRX $0.3330 +1.38%
DOGE $0.0949 -0.66%
ADA $0.2494 +0.01%
BCH $449.28 +1.08%
LINK $9.40 +0.56%
HYPE $39.83 -2.47%
AAVE $91.77 -0.26%
SUI $0.9497 -0.08%
XLM $0.1792 +2.21%
ZEC $317.16 +0.05%
BTC $76,299.99 +0.30%
ETH $2,324.94 +0.17%
BNB $632.42 +0.16%
XRP $1.43 -0.13%
SOL $86.28 +0.68%
TRX $0.3330 +1.38%
DOGE $0.0949 -0.66%
ADA $0.2494 +0.01%
BCH $449.28 +1.08%
LINK $9.40 +0.56%
HYPE $39.83 -2.47%
AAVE $91.77 -0.26%
SUI $0.9497 -0.08%
XLM $0.1792 +2.21%
ZEC $317.16 +0.05%

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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