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ID:

cheese-bank-440

Date:

Status:

Incident Count:

November 16, 2020

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

SlowMist

Loss Amount:

3,300,000

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Recovered:

-

Rewards:

Currency:

USD,USDC, USDT and DAI

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Cheese Bank, a decentralized autonomous digital banking platform based on Ethereum, suffered a loss of USD 3.3 million due to a hacker attack. Hackers conducted a series of malicious lending operations on platforms such as dYdX and Uniswap by using automatic market maker (AMM)-based oracles, resulting in a total loss of over US$3.3 million, including US$2 million in USDC.

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