Data leak [loss] $11M+

"$22 Million Was Stolen From Three Defi Platforms Last Weekend"

2021-05-05 [vendor] Value DeFi
Primary Source ↗
Financial Loss $11.0M (11,000,000 USD)

Incident Details

Attackers exploited a bug in Value DeFi’s smart contract to drain $10 million out of the platform, in a second attack in six months. In November 2020, the platform had lost $7 million to a flash loan attack, after bragging about their “flash loan attack protection”. The group was also discovered to be using a paid actress to pretend to be one of their co-founders.

Total loss estimated at $10,000,000.

Technical Details

Initial Attack Vector
Software bug / unintentional loss
Vendor / Product
Value DeFi

Timeline

  1. 2021-05-05 Breach occurred
  2. 2021-05-05 Publicly disclosed