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ID:

sil-finance-374

Date:

Status:

Incident Count:

March 19, 2021

Unverified

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:

-

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Binance Smart Chain

Protocol

Contract Vulnerabilities

Extended Method:

permission vulnerability

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Days in Operation:

0

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DeFi gathers reasonable financial services SIL.Finance contract has high-risk loopholes. Later, SIL.Finance issued an article saying that the incident was caused by a vulnerability in the smart contract permissions, which in turn triggered a general preemptive trading robot to submit a series of transactions for profit. After discovering that the smart contract could not be withdrawn due to high-risk loopholes, after 36 hours of efforts, it has successfully recovered USD 12.15 million. SIL.Finance stated that if any user assets are damaged in this incident, the team decided to use its own funds to launch a compensation plan: all users who suffered losses will receive 2 times the compensation, which will be issued in SIL.

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