Cryptocurrency
[loss] $80M+
Tweet thread by BlockSec
Primary Source ↗Financial Loss
$80.0M
(80,000,000 USD)
Blockchain(s)
Ethereum
Incident Details
A hacker attacked multiple Rari liquidity pools relating to the Fei Protocol, exploiting a known re-entrancy vulnerability that exists on forks of the Compound protocol. The attacker stole more than $80 million from the projects.Fei Protocol tweeted that they had paused borrowing to avoid further thefts, and offered a $10 million bug bounty if the hacker returned the money.
Total loss estimated at $80,000,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- Fei Protocol
Timeline
- 2022-04-30 Breach occurred
- 2022-04-30 Publicly disclosed