link.png

ID:

formation-finance-189

Date:

Status:

Incident Count:

November 20, 2021

Verified

1

info.png
target.png
REKT

Contributor:

chain.png

zerofriction.io

KYC By:

KYC:

None

info.png

Audit By:

Audits:

Certik

Loss Amount:

100,000

info.png

Recovered:

-

Rewards:

Currency:

USD, FORM

info.png

Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Multi chains

Protocol

Yield

Contract Vulnerabilities

Extended Method:

Decimal point check problem

info.png

Days in Operation:

531

(1.45 Years)

chain.png
chain.png
chain.png
chain.png
datasource.png

The DeFi protocol Formation.Fi was attacked. A hacker launched a flash loan attack to alter the price of the FORM token which the exploit contract excessively increases the value of the reward calculated at the withdrawal transaction. Only the rewards from the liquidity pool were affected. No investor funds, wallets or any information was affected.

info.png

DISCLAIMER: While web3rekt has used the best efforts in aggregating and maintaining this database, this web site makes no representations or warranties with respect to the accuracy or completeness of its information and data herein, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall web3rekt be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the data and information derived from this database.