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Detail Analysis

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Date:

Status:

Count:

Contributor:

February 22, 2021

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Verified

1

zerofriction.io

Loss Amount:

-

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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:

Protocol

Contract Vulnerabilities

Extended Method:

Contract vulnerabilities

Data Sources:

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Primitive Finance announced via a post that it had decided to self-hack its smart contract to fix what could have been a potential loophole. The exploit was discovered in the Primitive Finance smart contracts early today. The decentralized finance protocol revealed that the drastic action was the best approach to manage the vulnerability. The options to suspend or upgrade the contract on the platform were ruled out as neither was feasible. Left with no other alternatives, Primitive Finance resorted to hacking its smart contracts to secure funds on the platform. “A critical vulnerability was discovered in Primitive Finance smart contracts. As the contract is not upgradeable or pausable, we chose to whitehack our own smart contracts to safeguard user funds,” the blog post started.

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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.