ID:
maiar-exchange-926
100 pts
Platform:
Type:
Category:
Method:
Data Sources:
Elrond L1 Network
Protocol
Assets
Contract Vulnerabilities
Extended Method:
Logic error
https://twitter.com/Foudres_/status/1533702065641377792 https://www.vice.com/en/article/88q45a/decentralized-crypto-exchange-maiar-offline-after-hacker-steals-dollar113m https://cointelegraph.com/news/maiar-decentralized-crypto-exchange-goes-offline-after-bug-discovery https://metacrunch.org/hackers-manages-to-steal-113m-worth-of-egld-from-maiar-dex/
Days in Operation:
155
(0.42 Years)
100 pts each
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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