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Detail Analysis

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Date:

Status:

Count:

Contributor:

April 5, 2021

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Verified

1

zerofriction.io

Loss Amount:

3,000,000

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Recovered Amount:

-

Currency:

Dollars

KYC By:

Audit By:

None

None

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Website:

No data

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:

Binance Smart Chain

Protocol

Contract Vulnerabilities

Extended Method:

Logic error, rebate arbitrage

Data Sources:

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Polkatrain, a decentralized fundraising platform operating in the Polkadot ecosystem, suffered a rebate arbitrage attack resulting in the loss of $3 million. The attack was detected by blockchain ecosystem security platform SlowMist, indicating that the hack targeted Polkatrain contract with swap functionality and rebate mechanism dubbed POLT_LB. The analysis adds that the attackers took advantage of the flaws in the system’s update function.

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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.