Data leak

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

2021-05-05
Primary Source ↗

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.

Timeline

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