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Detail Analysis

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Date:

Status:

Count:

Contributor:

September 20, 2020

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Verified

1

zerofriction.io

Loss Amount:

150,000

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Recovered Amount:

-

Currency:

Dollars, ETH

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

Front-end Vulnerabilities

Extended Method:

front end logic error

Data Sources:

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SODA is the next generation of DeFi that will take Yield Farming to where it has never gone before. SODA uses novel dual token economics(SODA and SoETH), and this means that anyone can deposit Wrapped Ethereum (WETH) along with other assets to earn SODA. In return, you can choose to borrow SoETH from the protocol and use SoETH to earn even more SODA."The financial blogger "Super Bitcoin" stated on Weibo that Mr. Huai (weibo username "crash X") participated in the liquidity mining project Soda, and suddenly discovered a loophole in which 20,000 ETH can be directly liquidated Drop. But he chose to tell the development team, but the development team did not pay attention. He had no choice but to liquidate an ETH, and sent a Weibo warning to inform the developers of the existence of this bug. One hour later, the parties to the Soda agreement responded by prompting the borrower to repay and the mortgager to withdraw, and at the same time indicated that they would fix the loopholes and suspend the front-end borrowing function. But as of the early morning of September 21st, more than 400 ETH in Soda's mortgage loan pool were still maliciously liquidated. In the morning of the same day, the agreement officially stated on Twitter that the vulnerability has been fixed, and the newly deployed smart contract is expected to take effect at 21:00 on September 22.

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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.