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ID:

fantasm-finance-45

Date:

Status:

Incident Count:

March 9, 2022

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

No

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Audit By:

Audits:

Oberlisk

Loss Amount:

2,718,900

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Recovered:

-

Rewards:

Currency:

USD, XFTM, ETH

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Fantom

Protocol

Assets

Contract Vulnerabilities

Extended Method:

logic error allowing more to be redeem than should be.

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Days in Operation:

197

(0.54 Years)

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Fantasm Finance reported that the FTM collateral reserve was exploited. There is still 1,820,012 FTM pool balance remaining currently for redemptio and users will need to redeem the XFTM ASAP.

It looks like a logic error in the calcMint() function and the XFTM minted out is expanded for more than 58 times than it should be! In other words, 700 XFTM can be redeemed for just 3 FTM.

1,007 ETH has been sent to Tornado Cash.

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