Detail Analysis
Date:
Status:
Count:
Contributor:
February 8, 2022
Verified
1
zerofriction.io
Loss Amount:
8,700,000
Recovered Amount:
-
Currency:
Dollars, wETH, USDC, SDT, MOCA, STACK, sdam3CRV
KYC By:
Audit By:
None
Peckshield
Website:
Twitter:
Discord:
Telegram:
No data
Medium:
No data
Github:
Key Indicators
Platform:
Type:
Category:
Method:
Ethereum, Polygon
Protocol
Bridge
Contract Vulnerabilities
Extended Method:
forged ctx data (sharing communication between protocols) to spoof the contract.
Data Sources:
Polygon’s native stablecoin protocol, Qi Dao, faced an exploit on its Superfluid vesting contract, which led to a 65% drop in the price of the governance token Qi Dao (QI). QI’s price fell from $1.24 to $0.18. The protocol enables users to move assets on-chain in a constant flow in real-time from one wallet to another. While there was no impact on users’ funds, the hackers behind the attack managed to get away with $20 million worth of tokens including 24 Wrapped Ether (wETH), 562,000 USD Coin (USDC), 44,000 Stake DAO (SDT), 1.5 million Museum of Crypto Art (MOCA), 23,000 Stacker Ventures (STACK) and nearly 40,000 sdam3CRV. Early information suggests that the stolen funds belonged to some of the early backers of the project and included team-vested tokens as well.
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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.