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SOL $87.49 -4.02%
TRX $0.3515 -0.01%
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ADA $0.2556 -4.31%
BCH $420.83 -2.33%
LINK $9.82 -4.80%
HYPE $41.73 -8.67%
AAVE $89.42 -7.28%
SUI $1.06 -6.95%
XLM $0.1522 -4.30%
ZEC $495.31 -7.79%
BTC $78,441.99 -2.57%
ETH $2,194.60 -2.62%
BNB $660.06 -3.47%
XRP $1.42 -3.40%
SOL $87.49 -4.02%
TRX $0.3515 -0.01%
DOGE $0.1102 -3.80%
ADA $0.2556 -4.31%
BCH $420.83 -2.33%
LINK $9.82 -4.80%
HYPE $41.73 -8.67%
AAVE $89.42 -7.28%
SUI $1.06 -6.95%
XLM $0.1522 -4.30%
ZEC $495.31 -7.79%

Piedao: Logical flaws in the donations and liquidation of Euler Finance led to the attack

2023-03-13 19:25:32
Collection

According to ChainCatcher's message and analysis by PeckShield, Euler Finance was exploited in a series of transactions on Ethereum due to logical flaws in its donation and liquidation processes (hacker transaction address), resulting in a loss of approximately $197 million for the project. Specifically, donateToReserves needs to ensure that donors are still over-collateralized, and liquidation needs to ensure the "correct" conversion rate from borrowed to collateralized assets, as illustrated in the diagram. Additionally, there were two hackers involved in the attack: 0x5F2…8B8c and 0xBcA…7c5C. (source link)

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