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ID:

polyyeld-finance-281

Date:

Status:

Incident Count:

July 28, 2021

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:

250,000

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Recovered:

-

Rewards:

Currency:

USD, YELD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Polygon

Protocol

Yield

Contract Vulnerabilities

Extended Method:

Logic error, deflationary token reduces to 1 WEI

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Days in Operation:

0

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The profit farming agreement PolyYeld Finance was attacked. PolyYeld Finance’s unique token was lowered to zero after attackers exploited the vulnerability to exploit the complete providing. According to safety agency PeckShield, the hackers printed nearly 4.9 trillion extra YELD tokens. They offered a few of it for 123 ETH value about $ 250,000. The attacker exploited a vulnerability in the PolyYeld Masterchef contract, a kind of contract utilized by productiveness swimming pools for miner rewards. The assault focused the Masterchef pool, which contained one other token, xYELD, which generates passive revenue for holders by amassing charges per transaction and distributing them as YELD rewards. The project contract was used to mint 4.9 trillion YELD tokens and dump them in the secondary market. Currently, CoinGecko shows that the price of YELD has returned to zero.

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