BTC $64,682.99 +1.22%
ETH $1,916.02 +1.35%
BNB $588.89 +3.70%
XRP $1.09 +2.15%
SOL $74.51 +1.94%
TRX $0.3288 +0.87%
DOGE $0.0703 +0.42%
ADA $0.1729 +6.45%
BCH $219.31 +3.99%
LINK $8.47 +2.59%
HYPE $54.21 -0.89%
AAVE $99.03 +1.24%
SUI $0.6991 +2.27%
XLM $0.1724 +0.10%
ZEC $475.09 +2.47%
BTC $64,682.99 +1.22%
ETH $1,916.02 +1.35%
BNB $588.89 +3.70%
XRP $1.09 +2.15%
SOL $74.51 +1.94%
TRX $0.3288 +0.87%
DOGE $0.0703 +0.42%
ADA $0.1729 +6.45%
BCH $219.31 +3.99%
LINK $8.47 +2.59%
HYPE $54.21 -0.89%
AAVE $99.03 +1.24%
SUI $0.6991 +2.27%
XLM $0.1724 +0.10%
ZEC $475.09 +2.47%

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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