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ID:

ref-finance-267

Date:

Status:

Incident Count:

August 15, 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:

3,202,539

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Recovered:

-

Rewards:

Currency:

USD, REF-NEAR pair

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Near

Exchange

Dexes

Contract Vulnerabilities

Extended Method:

Contract vulnerabilities

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Days in Operation:

378

(1.04 Years)

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Ref Finance has a bug and some people have taken advantage of this bug to withdraw all the money in the REF-NEAR farm pair. Total damage was estimated at $3 million. The team has promised to compensate users and work with legal authorities to recover lost funds, and will reward those who voluntarily return tokens. The NEAR ecological decentralized exchange Ref.Finance team tweeted that at around 2 pm UTC on August 14th, the Ref team noticed the abnormal behavior of the REF-NEAR trading pair, and then discovered that the patch of the recently deployed contract An error, which has been exploited by multiple users, affected approximately 1 million REFs and 580,000 NEARs. At present, the Ref team has suspended the contract for 48 hours to prevent further attacks and coordinated with the exchange to block the corresponding account. The user does not need to take any action, and Ref will fully compensate any permanently lost funds. At the same time, the Ref team expressed the hope that the corresponding account will return the funds. If it is not returned within 48 hours, it will adopt operations such as forking the token contract and issuing new tokens to the corresponding project party.

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