ID:
zoom-protocol-1099
100 pts
Platform:
Type:
Category:
Method:
Data Sources:
Avalanche
Protocol
Dexes
Flash Loans
Extended Method:
Price manipulation
Days in Operation:
20
(0.05 Years)
100 pts each
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.
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