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Detail Analysis

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Date:

Status:

Count:

Contributor:

November 7, 2021

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Verified

1

zerofriction.io

Loss Amount:

-

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Recovered Amount:

-

Currency:

Dollars, nUSD

KYC By:

Audit By:

None

None

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Website:

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:

Multi-Chain

Protocol

Dexes

Contract Vulnerabilities

Extended Method:

Oracle manipulation

Data Sources:

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The cross-chain protocol Synapse Protocol updates the progress of the cross-chain bridge attack. The protocol will not process hacker transactions, and all Synapsen USD will be returned to the affected liquidity providers in full. At present, the Synapse Protocol network is resuming normal activities and processing the backlog of transactions. The new nUSD fund pool has been deployed (the stableswap contract is used to replace the metapool contract to ensure security), and the unaffected liquidity providers will need to release their mortgages and remove them from the old Withdraw liquidity from the fund pool, the official announcement will be released soon. Previously, it was reported that on November 7, the asset cross-chain bridge launched by the cross-chain protocol Synapse Protocol was suspected to have loopholes. The attacker managed to manipulate the price of nUSD and made a profit of about 8 million U.S. dollars from it, however the funds were rejected by the validators failing the move transactions.

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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.