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Detail Analysis

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Date:

Status:

Count:

Contributor:

July 11, 2021

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Verified

2

zerofriction.io

Loss Amount:

235,510

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Recovered Amount:

-

Currency:

Dollars, UMB

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

Oracle

Contract Vulnerabilities

Extended Method:

Chainswap

Data Sources:

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According to official sources, the DeFi oracle Umbrella Network was stolen over 3 million UMB tokens due to a loophole in the ChainSwap contract of the cross-chain asset bridge. This equates to approximate 110 ETH as noted in terms of the $UMB token buyback scheme initiated to counteract the additional $UMB sold by the hackers. As of 15th of July, Umbrella has already bought back about 90 ETH worth of $UMB, with a remaining 20 ETH still to be spent.

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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.