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Detail Analysis

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Date:

Status:

Count:

Contributor:

November 22, 2020

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Verified

1

zerofriction.io

Loss Amount:

19,000,000

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Recovered Amount:

-

Currency:

Dollars, cDAI

KYC By:

Audit By:

None

None

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Website:

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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Key Indicators

Platform:

Type:

Category:

Method:

Ethereum

Protocol

Contract Vulnerabilities

Extended Method:

Logic error, fake currency

Data Sources:

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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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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.