ID:
saddle-finance-874
100 pts
Platform:
Type:
Category:
Method:
Data Sources:
Ethereum
Protocol
Dexes
Contract Vulnerabilities
Extended Method:
Incorrect library utilized to calculate swap
Days in Operation:
805
(2.21 Years)
100 pts each
Saddle is a decentralized automated market maker (AMM) on the Ethereum blockchain, optimized for trading pegged value crypto assets with minimal slippage. Saddle enables cheap, efficient, swift, and low-slippage swaps for traders and high-yield pools for LPs. We believe in collaboration, in building Saddle as a DeFi lego block, in helping DeFi teams bring AMMs to any blockchain.
Peckshield reported that Saddle was exploited for over $10M in a series of transactions. Whitehat firm BlockSec assisted the firm to stop the damage and was able to recover $3.8M, which they will receive $380K as rewards for the effort.
Updated 5/6
Peckshield reported that 3201 ETH has been transferred into Tornado.Cash - https://twitter.com/PeckShieldAlert/status/1522763282368450562?s=20&t=zkmyTwVWbL-Czmr8zipxBg
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