Cryptocurrency
[loss] $2M+
"Old Dolomite exchange contract suffers $1.8M loss from approval exploit"
Primary Source ↗Financial Loss
$1.8M
(1,800,000 USD)
Blockchain(s)
Ethereum
Incident Details
The Dolomite DEX suffered a $1.8 million theft as an exploiter was able to take advantage of a vulnerability in a smart contract that had been deployed in 2019. Although most contemporary users of the exchange use a version deployed on the Arbitrum layer-2 network, the old contracts were still usable on Ethereum.An attacker apparently discovered a reentrancy bug allowing them to drain user funds from those who had approved the old contract. Altogether, around $1.8 million was taken before the team disabled the contract. The attacker quickly tumbled the stolen funds through Tornado Cash.
Total loss estimated at $1,800,000.
Technical Details
- Initial Attack Vector
- Reentrancy attack on smart contract
- Vendor / Product
- Dolomite exchange
Timeline
- 2024-03-20 Breach occurred
- 2024-03-20 Publicly disclosed