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Detail Analysis

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Date:

Status:

Count:

Contributor:

July 28, 2021

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Verified

1

zerofriction.io

Loss Amount:

250,000

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Recovered Amount:

-

Currency:

Dollars, YELD

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:

Polygon

Protocol

Yield

Contract Vulnerabilities

Extended Method:

Logic error, deflationary token reduces to 1 WEI

Data Sources:

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The profit farming agreement PolyYeld Finance was attacked. PolyYeld Finance’s unique token was lowered to zero after attackers exploited the vulnerability to exploit the complete providing. According to safety agency PeckShield, the hackers printed nearly 4.9 trillion extra YELD tokens. They offered a few of it for 123 ETH value about $ 250,000. The attacker exploited a vulnerability in the PolyYeld Masterchef contract, a kind of contract utilized by productiveness swimming pools for miner rewards. The assault focused the Masterchef pool, which contained one other token, xYELD, which generates passive revenue for holders by amassing charges per transaction and distributing them as YELD rewards. The project contract was used to mint 4.9 trillion YELD tokens and dump them in the secondary market. Currently, CoinGecko shows that the price of YELD has returned to zero.

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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.