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ID:

sharedstake-1139

Date:

Status:

Incident Count:

April 26, 2021

Near-Miss

2

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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:

-

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Recovered:

-

Rewards:

5,000

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum

Protocol

Staking

Rewards - Bug Bounties

Extended Method:

Is able to bypass timelock checks in the SmartTimelock.sol contract and pull out all the funds immediately without governance approval by abusing the call method to invoke arbitrary external contract methods with arbitrary data.

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Days in Operation:

378

(1.04 Years)

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Veteran whitehat Lucash-dev submitted a critical timelock vulnerability report in SharedStake’s timelock contracts to Immunefi. This vulnerability allowed the beneficiary of the timelocked funds to transfer out those funds before those funds were scheduled to be released.

At the time of the report, a total of $40m in SharedStake team funds could have been exploited by the intended recipients (the SharedStake core team) using this vulnerability. Because the only parties that could exploit this vulnerability were the SharedStake core team, the SharedStake team marked it with a vulnerability severity level of “High” and paid a $5000 bug bounty.

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