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ID:

ethproduct-1012

Date:

Status:

Incident Count:

August 5, 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:

10,000

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Binance Smart Chain

NFTs

NFTs

Flash Loans

Extended Method:

Exploit contract vulnerability

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Days in Operation:

0

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FairyProof reported that EthProduct, a DeFi application deployed on the BNB chain suffered a flashloan attack.

Around US$10,000 worth of crypto assets were exploited in this incident.

The attacker flashloaned 9400 USDTs to buy an NFT and immediately sent the NFT to EtnProduct for sale. The attacker proceeded to exploit a vulnerability in the contracts to get 606,091.527 U tokens, and exchanged 11,253.735 U tokens to USDTs to pay back the flashloan. The attacker eventually got $3,074 and an NFT worth $7,380.

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