Detail Analysis
Date:
Status:
Count:
Contributor:
June 29, 2020
Verified
2
zerofriction.io
KYC By:
KYC:
None
Audit By:
Audits:
None
Loss Amount:
500,000
Recovered Amount:
-
Currency:
Dollars, ETH, WBTC, LINK, SNX
Key Indicators
Platform:
Type:
Category:
Method:
Data Sources:
Multi-Chain
Protocol
Dexes
Contract Vulnerabilities
Extended Method:
deflationary token compatibility issues
The Balancer liquidity pool was attacked by Lightning Loan and lost $500,000. The two losses suffered by Balacer are STA and STONK. At present, the liquidity of these two token pools has been exhausted. Both STA and STONK tokens are deflation tokens, which means that this attack only affects the liquidity pool of deflation tokens. The deflationary tokens on Balancer and its smart contracts are incompatible in certain specific scenarios, allowing attackers to create and profit from STA/STONK circulation pools with price deviations.
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