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Detail Analysis

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Date:

Status:

Count:

Contributor:

February 18, 2020

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Verified

5

zerofriction.io

Loss Amount:

645,000

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Recovered Amount:

-

Currency:

Dollars

KYC By:

Audit By:

None

Certik, Peckshield

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Website:

<a href=https://bzx.network
/ target="_blank" style="text-decoration: underline">https://bzx.network
/

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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Key Indicators

Platform:

Type:

Category:

Method:

Multi-Chain

Protocol

Lending

Flash Loans

Extended Method:

Flash loan attack

Data Sources:

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bZx was attacked again with an estimated loss of $645,000 of ETH. There are quite a few misunderstandings circulating around about the nature of this particular hack. Peckshield emphasized that this is not an oracle attack. Instead, it is a clever arbitrage execution, which did exploit a bug in bZx smart contract implementation to allow for the leakage of supposedly-locked bZx funds to Uniswap and further absorb the leaked funds into a Compound position.

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.