Detail Analysis
Date:
Status:
Count:
Contributor:
March 9, 2022
Verified
1
zerofriction.io
Loss Amount:
2,718,900
Recovered Amount:
-
Currency:
Dollars, XFTM, ETH
KYC By:
Audit By:
None
Oberlisk
Website:
Twitter:
Discord:
Telegram:
Medium:
No data
Github:
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:
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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