Cryptocurrency
[loss] $501,000
"Clober Dex Incident Analysis"
Primary Source ↗Financial Loss
$501,000
(501,000 USD)
Blockchain(s)
Ethereum
Incident Details
Clober, a DEX built on Coinbase’s Base Ethereum layer-2, suffered an exploit only about a week after its launch. A re-entrancy bug in the project allowed an attacker to siphon 133.7 ETH (~$501,000) from the project. Although the project boasted of audits, Clober had made changes to a contract after the audits that introduced the vulnerability.Clober has offered a 20% “bug bounty” to the exploiter vi on-chain message, though they have not yet received any public reply.
Total loss estimated at $501,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- Clober DEX
Timeline
- 2024-12-11 Breach occurred
- 2024-12-11 Publicly disclosed