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ID:

grim-finance-161

Date:

Status:

Incident Count:

December 19, 2021

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

Solidity Finance

Loss Amount:

30,000,000

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Fantom

Protocol

Yield

Contract Vulnerabilities

Extended Method:

Flash loan attack

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Days in Operation:

531

(1.45 Years)

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According to official sources, Grim Finance, a compound income platform on the Fantom chain, suffered a lightning loan attack, and the current loss has exceeded 30 million U.S. USD. The attacker uses the function named "beforeDeposit()" in Grim Finance's vault strategy to attack and enter the malicious Token contract. At present, GrimFinance has suspended all vaults, reminding users to immediately withdraw all assets.

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