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ID:

res-project-1194

Date:

Status:

Incident Count:

October 6, 2022

Verified

1

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REKT

Contributor:

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web3rekt.com

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

224,736

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Recovered:

-

Rewards:

Ticker:

USD, RES

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Binance Smart Chain

Assets

Token

Flash Loans

Extended Method:

Price arbitrage

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Days in Operation:

78

(0.21 Years)

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Peckshield Alert reported a flash loan attack against RES token.

Onchain analysis indicated that two flash loans were utilized to obtain a profit of at least $224k. The funds remain at the exploiter's address.

BlockSec pointed the issue to the controllable external function (thisAtoB). thisAtoB function allows to swap RES tokens in the contract to ALL tokens through the RES-BSCUSD-ALL path. By using flashloans, the attacker successfully made the pools unbalanced to manipulate the prices, and then swapped the tokens back to make profits.

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