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ID:

dream-plan-1174

Date:

Status:

Incident Count:

September 24, 2022

Verified

1

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REKT

Contributor:

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web3rekt.com

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

94,304

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Recovered:

-

Rewards:

Ticker:

USD, RADT-DAO

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Binance Smart Chain

Assets

Token

Flash Loans

Extended Method:

Price manipulation

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Days in Operation:

26

(0.07 Years)

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BlockSec monitoring system reported that a front-running transaction targeting RADT-DAO token (https://tools.blocksec.com/tx/bsc/0xd692f71de2768017390395db815d34033013136c378177c05d0d46ef3b6f0897), and the loss is around 94,304.58 USDT. It caused the price of RADT-DAO token dropped 81.97%.

There are three front-running transactions and a failed "original" transaction (https://bscscan.com/tx/0xe4f697883c2963eda98245bf25ad4613b5f0bf623253ff886066a6dd37dc36f6). Through the investigation, we find that the attack is made possible due to the price manipulation of the RADT-DAO - USDT pair in the Pancake pool.

1) Borrow USDT via flashloan
2) Partially swap USDT for RADT-DAO token in the Pancake pool
3) Trigger the fallback function of the RADT-DAO contract to transfer the remaining RADT-DAO in the Pancake pool
4) Swap RADT-DAO (from Step 2) for USDT
5) Return the flashloan

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