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ID:

fei-protocol-873

Date:

Status:

Incident Count:

April 30, 2022

Verified

2

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

No

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Audit By:

Audits:

OpenZeppelin, Consensys Diligence

Loss Amount:

80,000,000

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Recovered:

-

Rewards:

Currency:

USD, ETH

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum

Protocol

Stablecoins

Contract Vulnerabilities

Extended Method:

Reentrancy attack

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Days in Operation:

646

(1.77 Years)

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Fei is a decentralized, scalable, and DeFi-native stablecoin protocol. Fei Protocol creates a tight peg by providing $1 redeemability for FEI using PCV.

Fei was exploited for $80M from the various Rari Fuse Pools. The developers offered the exploiter $10M bounty in exchange for the return of the remaining user funds.

According to Peckshield, a classic reentrancy attack was utilized.

https://twitter.com/peckshield/status/1520369315698016256/photo/1

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