lever-183LeverLever, a decentralized margin trading protocol based on AMM, was attacked by lightning loans. According to the official statement, Lever attacked contract A to borrow 2,100 BNB from PancakeSwap and deposit 2,000 BNB into Lever’s BNB vault. Then borrowed 1500 BNB from Lever’s BNB vault and transferred it to Lever Attack Contract B. Lever Attack Contract B deposited 1500 BNB and used it to consume 32.78 ETH, 1,068.05 BAKE, 167.25 XVS, 1,042.89 DAI, 674,360 USDT. BTC , 1,930.01 CAKE, 463.0078 DOT and 332.9184 WBNB. (Calculated at the current market price, the total loss is equal to US$652,941.949.)

Detail Analysis

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Lever

Submit Incident Report

Date:

Status:

Count:

Contributor:

November 27, 2021

Verified

zerofriction.io

Loss Amount:

652,942

Recovered Amount:

Currency:

Dollars, BNB, ETH, BAKE, XVS, DAI,USDT, CAKE, DOT and WBNB.

KYC By:

Audit By:

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:

Binance Smart Chain

Protocol

Flash Loans

Extended Method:

Flash loan attack

Data Sources:

https://halborn.com/explained-the-lever-hack-november-2021/

Lever, a decentralized margin trading protocol based on AMM, was attacked by lightning loans. According to the official statement, Lever attacked contract A to borrow 2,100 BNB from PancakeSwap and deposit 2,000 BNB into Lever’s BNB vault. Then borrowed 1500 BNB from Lever’s BNB vault and transferred it to Lever Attack Contract B. Lever Attack Contract B deposited 1500 BNB and used it to consume 32.78 ETH, 1,068.05 BAKE, 167.25 XVS, 1,042.89 DAI, 674,360 USDT. BTC , 1,930.01 CAKE, 463.0078 DOT and 332.9184 WBNB. (Calculated at the current market price, the total loss is equal to US$652,941.949.)

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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.

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