Data leak
[loss] $11M+
"$22 Million Was Stolen From Three Defi Platforms Last Weekend"
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
- 2021-05-05 Breach occurred
- 2021-05-05 Publicly disclosed