Data leak
[loss] $3M+
Tweet thread by Vesper Finance
Primary Source ↗Financial Loss
$3.0M
(3,000,000 USD)
Incident Details
By manipulating the price of a low-liquidity, beta-stage stablecoin, an attacker was able to borrow all tokens in a Rari Fuse pool using the initial token as (inflated) collateral. They then swapped the tokens for Ethereum, and made off with more than $3 million.
Total loss estimated at $3,000,000.
Technical Details
- Initial Attack Vector
- Oracle price manipulation
- Vendor / Product
- Vesper Finance
Timeline
- 2021-11-02 Breach occurred
- 2021-11-02 Publicly disclosed