Cryptocurrency
[loss] $324,000
"The Idols NFT"
Primary Source ↗Financial Loss
$324,000
(324,000 USD)
Blockchain(s)
Ethereum
Incident Details
An attacker noticed a vulnerability in a smart contract for The Idols, an NFT project that also incorporates ETH staking functionality. They discovered that a function used to distribute rewards had a bug when the sender and recipient addresses were the same, allowing a holder to repeatedly claim rewards. By taking advantage of this bug, they were able to siphon 97 stETH (~$324,000) from the project.Although The Idols boasts of two audits from several years ago, the contract containing the vulnerability may not have been audited.
Total loss estimated at $324,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- The Idols NFT
Timeline
- 2025-01-14 Breach occurred
- 2025-01-14 Publicly disclosed