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ID:

pickle-finance-437

Date:

Status:

Incident Count:

November 22, 2020

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:

19,000,000

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Recovered:

-

Rewards:

Currency:

USD, cDAI

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum

Protocol

Contract Vulnerabilities

Extended Method:

Logic error, fake currency

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Days in Operation:

0

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A major decentralized finance (DeFi) protocol, farming project Pickle Finance has been exploited today to the tune of $20 million. The attack transpired roughly two hours ago, and ETH-savvy Twitter users were quick to notice that pickle’s cDAI jar — Pickle’s term for a yield-bearing vault — had been emptied of 20 million DAI tokens in deposits. Unlike other recent attacks however, this particular exploit did not feature flashloans — an increasingly maligned DeFi tool that allows would-be exploiters additional liquidity with which to manipulate on-chain prices. Instead, this hacker swapped funds between a malicious copycat contract and the cDAI jar.

Updated 5/8:
According to Peckshield, ~1800 ETH was laundered through Tornado.cash - https://twitter.com/PeckShieldAlert/status/1523120194918383616?s=20&t=zkmyTwVWbL-Czmr8zipxBg

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