ID:
belt-finance-1123
100 pts
Platform:
Type:
Category:
Method:
Data Sources:
Multi-Chain
Protocol
Yield
Rewards - Bug Bounties
Extended Method:
Logic error causing issuance of excess shares for new deposits
Days in Operation:
575
(1.58 Years)
100 pts each
Whitehat Alexander Schlindwein reported a critical bug in Belt Finance to Immunefi. The attack was a logic error in Belt Finance that caused one of their contracts to think that it had less money than it did, resulting in excess shares being issued for new deposits. Those shares could have been used to withdraw an unfair proportion of the assets in the contract. The attack was repeatable. Approximately $60m in BNB was at risk, but it was never exploited.
Belt Finance paid out a bounty of $1,000,000 USDT. Binance Smart Chain’s Priority One bounty matching program added $50,000 to the payout, making the total $1,050,000.
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