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Detail Analysis

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Date:

Status:

Count:

Contributor:

May 8, 2022

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Verified

1

zerofriction.io

Loss Amount:

2,957,364

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Recovered Amount:

-

Currency:

Dollars, FTS

KYC By:

Audit By:

None

Ether Authority, Hash0x

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Key Indicators

Platform:

Type:

Category:

Method:

Binance Smart Chain

Protocol

Lending

Contract Vulnerabilities

Extended Method:

Oracle price manipulation

Data Sources:

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Fortress Protocol provides lending, borrowing, and earning interest + $FTS. The protocol is built by the (No Suggestions) Team.

Fortress has been exploited with what the Dev Team believes is an oracle manipulation attack draining all funds. The stolen funds have been bridged to Ethereum and deposited into Tornado via 1,048.1 ETH & 400,000 DAI.

Peckshield indicated that the attack is based on a price oracle manipulation from UMB Network, where voting power has been disabled allowing anyone to update the price.

We reviewed the two audit reports and found that the conclusions were almost as if they were written by the same person concluding that the ' Security state of the reviewed contract, based on extensive audit procedure scope is “Well Secured”.'

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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.