Detail Analysis
Date:
Status:
Count:
Contributor:
June 27, 2021
Verified
1
zerofriction.io
Loss Amount:
-
Recovered Amount:
-
Currency:
Dollars
KYC By:
Audit By:
None
None
Website:
Twitter:
No data
Discord:
No data
Telegram:
No data
Medium:
No data
Github:
No data
Key Indicators
Platform:
Type:
Category:
Method:
Ethereum
Protocol
Lending
Contract Vulnerabilities
Extended Method:
no access control
Data Sources:
The DeFi protocol Wild Credit on Ethereum suffered a white hat attack via A potential irregularity on the BNT-ETH pair, and the attacker has returned a total of $650,000. The exploit happened due to a very basic issue in the smart contracts that I bet most of the followers can detect. Anyone can call the `initialize` function to become the owner of the LP token contract. The owner can freely mint and burn LP tokens. The hacker took ownership of the contract, minted a bunch of tokens to themselves, and then used those fake tokens to withdraw real funds.
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