Cryptocurrency [loss] $2M+

"Dough Finance loses $1.8M in flash loan attack"

2024-07-12 [vendor] Dough Finance [chain] ethereum
Primary Source ↗
Financial Loss $1.8M (1,800,000 USD)
Blockchain(s) Ethereum

Incident Details

Defi platform Dough Finance was hacked for 608 ETH ($1.8 million) by a hacker using a flash loan attack funded through the Railgun privacy service.Dough Finance sent an on-chain message to the attacker, asking them to return the “misappropriated funds”, threatening that they would “pursue all criminal, legal, and administrative avenues available” in the event that the attacker did not do so.

Total loss estimated at $1,800,000.

Technical Details

Initial Attack Vector
Flash loan attack on smart contract
Vendor / Product
Dough Finance

Timeline

  1. 2024-07-12 Breach occurred
  2. 2024-07-12 Publicly disclosed