Detail Analysis
Date:
Status:
Count:
Contributor:
November 16, 2020
Verified
1
zerofriction.io
Loss Amount:
3,300,000
Recovered Amount:
-
Currency:
Dollars,USDC, USDT and Dai
KYC By:
Audit By:
None
None
Website:
No data
Twitter:
No data
Discord:
No data
Telegram:
No data
Medium:
No data
Github:
No data
Key Indicators
Platform:
Type:
Category:
Method:
Protocol
Flash Loans
Extended Method:
Flash loan attack, oracle manipulation
Data Sources:
Cheese Bank, a decentralized autonomous digital banking platform based on Ethereum, suffered a loss of USD 3.3 million due to a hacker attack. Hackers conducted a series of malicious lending operations on platforms such as dYdX and Uniswap by using automatic market maker (AMM)-based oracles, resulting in a total loss of over US$3.3 million, including US$2 million in USDC.
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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.