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Detail Analysis

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Date:

Status:

Count:

Contributor:

April 30, 2022

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Verified

1

zerofriction.io

Loss Amount:

10,000,000

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Recovered Amount:

3,800,000

Currency:

Dollars

KYC By:

Audit By:

None

Certik, Quantstamp

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Key Indicators

Platform:

Type:

Category:

Method:

Ethereum

Protocol

Dexes

Contract Vulnerabilities

Extended Method:

Incorrect library utilized to calculate swap

Data Sources:

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Saddle is a decentralized automated market maker (AMM) on the Ethereum blockchain, optimized for trading pegged value crypto assets with minimal slippage. Saddle enables cheap, efficient, swift, and low-slippage swaps for traders and high-yield pools for LPs. We believe in collaboration, in building Saddle as a DeFi lego block, in helping DeFi teams bring AMMs to any blockchain.

Peckshield reported that Saddle was exploited for over $10M in a series of transactions. Whitehat firm BlockSec assisted the firm to stop the damage and was able to recover $3.8M, which they will receive $380K as rewards for the effort.

Updated 5/6
Peckshield reported that 3201 ETH has been transferred into Tornado.Cash - https://twitter.com/PeckShieldAlert/status/1522763282368450562?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.