link.png

ID:

rari-capital-355

Date:

Status:

Incident Count:

May 8, 2021

Verified

2

info.png
target.png
REKT

Contributor:

chain.png

zerofriction.io

KYC By:

KYC:

None

info.png

Audit By:

Audits:

Quantstamp

Loss Amount:

11,000,000

info.png

Recovered:

-

Rewards:

Currency:

USD

info.png

Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum

Protocol

Yield Aggregator

Contract Vulnerabilities

Extended Method:

price manipulation

info.png

Days in Operation:

866

(2.37 Years)

chain.png
chain.png
chain.png
chain.png
datasource.png

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.

info.png

DISCLAIMER: While web3rekt has used the best efforts in aggregating and maintaining this database, this web site makes no representations or warranties with respect to the accuracy or completeness of its information and data herein, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall web3rekt be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the data and information derived from this database.