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ID:

hegic-527

Date:

Status:

Incident Count:

April 25, 2020

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:

None

Loss Amount:

28,537

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum

Protocol

Options

Contract Vulnerabilities

Extended Method:

Contract vulnerabilities

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Days in Operation:

0

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Hegic is an option trading protocol. Hegic options exchange confronted a vulnerability in its smart contract codes hours after launching. The bug locked user funds into expired options contracts, rendering them permanently inaccessible or 152.2 ETH (about 28,537 USD) permanently locked in the contract pool of unexercised put / call options. Out of the 19 contracts, 16 are put options (DAI is locked) and 3 are call options (ETH is locked). Hegic said it will process a 100% refund for all involved users.

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