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Detail Analysis

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Date:

Status:

Count:

Contributor:

March 26, 2022

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Verified

1

zerofriction.io

Loss Amount:

2,800

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Recovered Amount:

-

Currency:

Dollars, JLP

KYC By:

Audit By:

None

None

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Website:

No data

Twitter:

Discord:

No data

Telegram:

Medium:

No data

Github:

No data

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Key Indicators

Platform:

Type:

Category:

Method:

Avalanche

Protocol

Algo-Stables

Contract Vulnerabilities

Extended Method:

Logic error, unable to withdraw

Data Sources:

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Rugdoc.io reported that Pendragon Finance, Fractional Algorithmic Stable Coin Pegged to 1 (One) AVAX and a Fantasm fork, has their LP tokens stuck. Teh project just got launched on March 25 at 5 PM EST. There's no way to rescue these so probably need to whitehat the underlying AVAX in Pool and drain the AVAX/XAVAX LP through mint XAVAX & dump.

The blunder: If this MC was audited (say by our lovely Paladin) it would at least have received 3 issues with regards to many functions becoming uncallable in certain situations: Add, set, updatePool, deposit, withdraw, emergencyWithdraw

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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.