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ID:

maiar-exchange-926

Date:

Status:

Incident Count:

June 5, 2022

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

No

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Audit By:

Audits:

Runtime Verification

Loss Amount:

113,000,000

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Recovered:

-

Rewards:

Currency:

USD, EGLD

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Exploiter deployed a malicious contract on Elrond L1 Network and was siphoned 1,650 millions EGLD, of which the exploiter sold 951 of them and succeeded to bridge 5,6 millions of USDC and ETH before the maintenance.

User foundres.eth concluded from his analysis that 1.658M in EGLD was taken across all transactions. It appears that the hackers are using a loophole on the liquidity of the wEGLD <> EGLD smart contract, and with the taking of all the wrapping liquidity for EGLD pairs, the amount they sold had a huge impact on the price.

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