Detail Analysis
Date:
Status:
Count:
Contributor:
November 22, 2020
Verified
1
zerofriction.io
Loss Amount:
19,000,000
Recovered Amount:
-
Currency:
Dollars, cDAI
KYC By:
Audit By:
None
None
Website:
Twitter:
No data
Discord:
No data
Telegram:
No data
Medium:
No data
Github:
No data
Key Indicators
Platform:
Type:
Category:
Method:
Ethereum
Protocol
Contract Vulnerabilities
Extended Method:
Logic error, fake currency
Data Sources:
A major decentralized finance (DeFi) protocol, farming project Pickle Finance has been exploited today to the tune of $20 million. The attack transpired roughly two hours ago, and ETH-savvy Twitter users were quick to notice that pickle’s cDAI jar — Pickle’s term for a yield-bearing vault — had been emptied of 20 million DAI tokens in deposits. Unlike other recent attacks however, this particular exploit did not feature flashloans — an increasingly maligned DeFi tool that allows would-be exploiters additional liquidity with which to manipulate on-chain prices. Instead, this hacker swapped funds between a malicious copycat contract and the cDAI jar.
Updated 5/8:
According to Peckshield, ~1800 ETH was laundered through Tornado.cash - https://twitter.com/PeckShieldAlert/status/1523120194918383616?s=20&t=zkmyTwVWbL-Czmr8zipxBg
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