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ADA $0.1724 -12.22%
BCH $243.69 +2.92%
LINK $7.92 -2.25%
HYPE $64.95 -10.93%
AAVE $70.47 -2.41%
SUI $0.7590 -4.94%
XLM $0.1993 -2.61%
ZEC $428.47 -30.16%
BTC $63,134.75 +0.79%
ETH $1,748.79 -1.19%
BNB $599.01 -1.38%
XRP $1.13 -1.59%
SOL $68.16 -1.62%
TRX $0.3272 -1.05%
DOGE $0.0875 -2.09%
ADA $0.1724 -12.22%
BCH $243.69 +2.92%
LINK $7.92 -2.25%
HYPE $64.95 -10.93%
AAVE $70.47 -2.41%
SUI $0.7590 -4.94%
XLM $0.1993 -2.61%
ZEC $428.47 -30.16%

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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