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ID:

synthetix-549

Date:

Status:

Incident Count:

December 26, 2019

Verified

3

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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:

2,500,000

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Recovered:

-

Rewards:

Currency:

USD, sETH

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Multi-Chain

Protocol

Derivatives

Contract Vulnerabilities

Extended Method:

Oracle manipulation

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Days in Operation:

1395

(3.82 Years)

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According to a Medium blog post published Mar. 3, Ethereum-based DeFi platform Synthetix suffered targeted attacks between Nov. 30 to Dec. 26 last year. The report (https://cryptocatvc.medium.com/how-to-lose-2-5m-of-your-users-funds-37e02cdb08ec) calculated losses of the manipulation attacks at roughly $2.5 million for Synthetix (SNX) token holders. The synth MKR pairs, sMKR and iMKR, were targeted, with low spot MKR market liquidity providing the traders with the attack opportunity.

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