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ID:

vee-finance-238

Date:

Status:

Incident Count:

September 20, 2021

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

SlowMist, Certik

Loss Amount:

35,000,000

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Recovered:

-

Rewards:

Currency:

USD, BTC

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Multi-Chain

Protocol

Lending

Contract Vulnerabilities

Extended Method:

Contract vulnerabilities

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Days in Operation:

531

(1.45 Years)

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According to official sources, the loan agreement Vee Finance officially released an explanation about the attack. The content is as follows: On September 20, the Vee Finance team noticed multiple abnormal transfers. After further monitoring, a total of 8804.7 ETH and 213.93 BTC were stolen (total Worth more than 35 million U.S. USD). The attacker's address is: 0xeeeE458C3a5eaAfcFd68681D405FB55Ef80595BA. After investigation, the suspected attacker launched the attack through the above address and has obtained the stolen assets from this address. In order to ensure the safety of more users' assets, the team has suspended the platform contract and suspended the deposit and withdrawal functions. The stablecoin part is not affected by this attack. Utilizes cToken forgery issues and precision processing issues

Updated 5/2
On April 2022, the exploiter started to move the stolen funds (~119K ETH) to Tornado.Cash - https://twitter.com/PeckShieldAlert/status/1521316569116151808?s=20&t=zkmyTwVWbL-Czmr8zipxBg

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