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ID:

indexed-finance-221

Date:

Status:

Incident Count:

October 15, 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:

None

Loss Amount:

16,000,000

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum

Protocol

Indexes

Contract Vulnerabilities

Extended Method:

Logic error

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Days in Operation:

743

(2.04 Years)

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Indexed Finance, a passive income agreement, was attacked, and the affected fund pools included DEFI5 and CC10. After the vulnerability was discovered, it triggered protection measures including DEGEN, NFTP, and FFF (including DEFI5 and CC10) fund pools, and was frozen. About half an hour ago, Indexed Finance officially stated that the root cause of the attack has been determined. The two index token fund pools, DEGEN and NFTP, have resumed normal operation, while the FFF pool is still in a frozen state. Officials stated in Discord that the damage caused by this attack was about 16 million U.S. USD. updateMinimumBalance can change the minimumBalance of a token whose ready is false to 1/100 of poolValue. The calculation of poolValue is the key of the vulnerability.

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