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Detail Analysis

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Date:

Status:

Count:

Contributor:

March 9, 2022

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Verified

1

zerofriction.io

Loss Amount:

2,718,900

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Recovered Amount:

-

Currency:

Dollars, XFTM, ETH

KYC By:

Audit By:

None

Oberlisk

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Key Indicators

Platform:

Type:

Category:

Method:

Fantom

Protocol

Assets

Contract Vulnerabilities

Extended Method:

logic error allowing more to be redeem than should be.

Data Sources:

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Fantasm Finance reported that the FTM collateral reserve was exploited. There is still 1,820,012 FTM pool balance remaining currently for redemptio and users will need to redeem the XFTM ASAP.

It looks like a logic error in the calcMint() function and the XFTM minted out is expanded for more than 58 times than it should be! In other words, 700 XFTM can be redeemed for just 3 FTM.

1,007 ETH has been sent to Tornado Cash.

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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.