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ID:

skyward-finance-1267

Date:

Status:

Incident Count:

November 2, 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:

3,200,000

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Recovered:

-

Rewards:

Ticker:

USD,SKYWARD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Near

Dapp

Dexes

Contract Vulnerabilities

Extended Method:

redeem_skyward function does not check reuse of previous claimed token and their parameters

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Days in Operation:

581

(1.59 Years)

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Skyward Finance’s mission is to enable fair token distribution and price discovery for projects built on NEARProtocol.

The team announced that the treasury has been drained through a contract exploit rendering the Treasury and the $SKYWARD token effectively worthless.

Approx. 1.08M tokens were taken for $3.2M.

The root cause is the redeem_skyward function of the skyward.near contract does not properly check the token_account_ids parameter, enabling the attacker to pass in the same token_account_id and claim the $WNear reward multiple times.

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