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ID:

wild-credit-320

Date:

Status:

Incident Count:

June 27, 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:

None

Loss Amount:

-

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum

Protocol

Lending

Contract Vulnerabilities

Extended Method:

no access control

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Days in Operation:

0

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The DeFi protocol Wild Credit on Ethereum suffered a white hat attack via A potential irregularity on the BNT-ETH pair, and the attacker has returned a total of $650,000. The exploit happened due to a very basic issue in the smart contracts that I bet most of the followers can detect. Anyone can call the `initialize` function to become the owner of the LP token contract. The owner can freely mint and burn LP tokens. The hacker took ownership of the contract, minted a bunch of tokens to themselves, and then used those fake tokens to withdraw real funds.

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