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ID:

88mph-1141

Date:

Status:

Incident Count:

June 7, 2021

Near-Miss

3

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REKT

Contributor:

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web3rekt.com

KYC By:

KYC:

None

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Audit By:

Audits:

Peckshield

Loss Amount:

-

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Recovered:

-

Rewards:

42,069

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Multi-chains

Dapp

Lending

Rewards - Bug Bounties

Extended Method:

Unprotected initialization function - missing onlyOwner modifier

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Days in Operation:

1074

(2.94 Years)

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88mph lets you lend your crypto assets at a fixed interest rate.

Whitehat Ashiq Amien, security researcher at iosiro, disclosed a critical vulnerability in 88mph’s CRV:RENWBTC, CRV:STETH, and yaLink pools to Immunefi. The vulnerability was an unprotected init() function in the code of these specific pools that would have allowed a malicious user to steal $6.5m in tokens, mostly in crvRenWBTC. Following Immunefi’s disclosure of the bug, 88mph quickly paused the affected contracts, whitehacked all user funds, and returned those funds to their rightful owners after they had been saved. In recognition of the vulnerability’s potentially devastating impact, 88mph is awarding iosiro a bounty of $42,069 at the request of the whitehat.

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