ID:
rari-capital-355
100 pts
Platform:
Type:
Category:
Method:
Data Sources:
Ethereum
Protocol
Yield Aggregator
Contract Vulnerabilities
Extended Method:
price manipulation
Days in Operation:
866
(2.37 Years)
100 pts each
DeFi robo-advisor agreement Rari Capital stated on Twitter that its ETH fund pool had a vulnerability caused by the integration of the Alpha Finance Lab protocol, which was attacked. The rebalancer has now removed all funds from Alpha. The team stated that it is still investigating and evaluating, and a full report will be released in the future. Data shows that about 2600 ETH or 14 million U.S. USD of funds were transferred by the attackers. The attack against Rari Capital took advantage of how liquidity shares were calculated by a smart contract within the project.
Th attacker flash loaned ETH from dYdX. Deposited ETH into the Rari Capital Ethereum Pool. Manipulated the price of ibETH.totalETH. Funds were sent into Tornado.Cash.
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