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Detail Analysis

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Date:

Status:

Count:

Contributor:

August 11, 2021

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Verified

1

zerofriction.io

Loss Amount:

3,950,000

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Recovered Amount:

-

Currency:

Dollars, USDC, USDT, DAI

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:

Ethereum

Protocol

Contract Vulnerabilities

Extended Method:

Contract vulnerabilities

Data Sources:

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Punk Protocol, the decentralized annuity protocol, stated that it encountered an attack during the fair launch process, causing a loss of 8.9 million US dollars. Later, the team recovered another 4.95 million US dollars and transferred it to a secure wallet. The Punk Protocol team stated that the attacker found a critical loophole (Initialize function does not do repeated initialization check) in the investment strategy and extracted more than 8.9 million U.S. dollars of three stable currency assets (USDC, USDT, DAI) from the Forge-CompoundModel module, but a white hat hacker noticed The attacker's intent was reached, so a transaction was executed, which was able to recover $4.95 million. The lost funds have been transferred to the Ethereum currency mixing platform Tornado.cash, so it is difficult to keep track of them.

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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.