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ID:

fei-protocol-362

Date:

Status:

Incident Count:

May 2, 2021

Verified

2

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

OpenZeppelin, Consensys Diligence

Loss Amount:

-

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum

Stablecoins

Contract Vulnerabilities

Extended Method:

Contract vulnerabilities

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Days in Operation:

646

(1.77 Years)

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Fei Labs, the development team of the decentralized stablecoin project Fei Protocol, tweeted that a vulnerability involving the ETH joint curve contract was discovered and disclosed on May 2 and the contract was immediately suspended. The vulnerability has not been exploited and will not affect any users. . This loophole will cause the flash loan market manipulation to exhaust Fei Protocol's Protocol Control Fund (PCV). In addition, Fei Protocol awarded the vulnerability discoverer Alexander Schlindwein a $800,000 TRIBE token reward. Currently, OpenZeppelin and Alexander Schlindwein have assisted in repair review and verification, sending ETH from the joint curve to the reserve stabilizer instead of the ETH-FEI Uniswap pool to eliminate the attack vector, and adding to the pool to prevent malicious arbitrage Other reviews.

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