link.png

ID:

zoom-protocol-1099

Date:

Status:

Incident Count:

September 6, 2022

Verified

1

info.png
target.png
REKT

Contributor:

chain.png

web3rekt.com

KYC By:

KYC:

None

info.png

Audit By:

Audits:

Certik

Loss Amount:

61,660

info.png

Recovered:

-

Rewards:

Currency:

USD, USDT

info.png

Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Avalanche

Protocol

Dexes

Flash Loans

Extended Method:

Price manipulation

info.png

Days in Operation:

20

(0.05 Years)

chain.png
chain.png
chain.png
chain.png
datasource.png

Zoom protocol's motto is fake it till we make it and claimed to be the web3-based distributed investment aggregator.

BlockSec reported that the protocol experienced a flash loan attack where 61,660 BUSD was taken.

1) Borrow BSC-USD via flashloan, buy USDT, and swap to Zoom
2) Call 0x47391071824569f29381dfeaf2f1b47a4004933b "0x1e69fcc4" function and it will send 1M USDT to ZOOM/USDT Pair.
3) The price of Zoom/USDT will raise after calling the pair function sync
4) Swap Zoom to USDT, buy BSC-USD and return the flashloan.

Note: The "USDT" mentioned here is not the Tether USDT. It is not an open source address(0x62d51aacb079e882b1cb7877438de485cba0dd3f). And it is not a standard BEP-20 token because it doesn't emit any transfer events when making transfers.

info.png

DISCLAIMER: While web3rekt has used the best efforts in aggregating and maintaining this database, this web site makes no representations or warranties with respect to the accuracy or completeness of its information and data herein, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall web3rekt be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the data and information derived from this database.