Data leak [loss] $850,000

Tweet thread by FloatProtocol

2022-01-14 [vendor] Float Protocol
Primary Source ↗
Financial Loss $850,000 (850,000 USD)
Recovered $250,000

Incident Details

Lack of liquidity in the Uniswap V3 FLOAT/USDC oracle allowed an attacker to manipulate the prices within the pool, then deposit it at a much higher rate. The hacker pulled about 350 ETH (equivalent to $1.1 million) out of the pool, though according to PeckShield they later returned around $250,000 for some reason.

Total loss estimated at $850,000.

Technical Details

Initial Attack Vector
Oracle price manipulation
Vendor / Product
Float Protocol

Timeline

  1. 2022-01-14 Breach occurred
  2. 2022-01-14 Publicly disclosed