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ID:

balancer-512

Date:

Status:

Incident Count:

June 29, 2020

Verified

3

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

OpenZeppelin

Loss Amount:

500,000

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Recovered:

-

Rewards:

Currency:

USD, ETH, WBTC, LINK, SNX

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Multi-Chain

Protocol

Dexes

Contract Vulnerabilities

Extended Method:

deflationary token compatibility issues

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Days in Operation:

5488

(15.04 Years)

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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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