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ID:

omni-protocol-974

Date:

Status:

Incident Count:

July 10, 2022

Verified

1

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REKT

Contributor:

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web3rekt.com

KYC By:

KYC:

No

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Audit By:

Audits:

None

Loss Amount:

1,430,000

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Recovered:

-

Rewards:

Currency:

USD

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Omni Protocol is a decentralized NFT Financialization Protocol. The project reported that it experienced a reentrancy attack while testing its protocol resulting in the loss of testing funds. The project has suspended the protocol until the completion of the investigation.

According to Beosin Alert, the attacker utilized a flashloan and reentered onERC721Received function to repay the staked NFT and triggered the process again.

Approx.1300 ETH was profited and deposited into Tornado.cash

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