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Detail Analysis

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Date:

Status:

Count:

Contributor:

November 27, 2021

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Verified

2

zerofriction.io

Loss Amount:

211,000

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Recovered Amount:

-

Currency:

Dollars

KYC By:

Audit By:

None

None

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Website:

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:

Ethereum

Platform

Derivatives

Contract Vulnerabilities

Extended Method:

Contract vulnerabilities

Data Sources:

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DeFi Derivatives Agreement dYdX released an investigation report on the deposit contract accident on November 27, stating that there has been a serious loophole in the agent smart contract that has been handling deposits to the dYdX exchange since November 24. At around 12:00 UTC on the 27th, dYdX The team performed a white hat hacking operation to save vulnerable user funds, totaling approximately US$2 million. These funds are sent to a non-custodial escrow contract, and only the original owner of these funds can retrieve them. However, when the dYdX team performed the white hat hacking operation, an estimated $211,000 of funds was used by the MEV robot, and the user has now been fully compensated.

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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.