Lack of slippage control
Days in Operation:
100 pts each
The project announced that the protocol was hacked and lost 4096 ETH. The root cause for the hack is due to the lack of slippage control of liquidity-shifting operation. The hacker was able to utilize a flash loan to manipulate the trading pairs to gain the profit.
Funds were swapped and sent to Ethereum via Stargate, Kyberswap and Celer Bridge where the funds currently remain. Initial funds were sourced from Tornado Cash. The project offered the hacker a 10% bounty for the return of the remaining funds.
Updated 9/10/23: All stolen funds were washed via Tornado Cash.
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