Data leak [loss] $12M+

"DeFi protocols Agave and Hundred Finance exploited on Gnosis Chain for $11 million"

2022-03-15 [vendor] Hundred Finance and Agave Finance
Primary Source ↗
Financial Loss $12.1M (12,066,426 USD)

Incident Details

An attacker using a flash loan attack targeted two projects on the Gnosis blockchain: Hundred Finance and Agave Finance. Each project paused their smart contracts, but not before the attacker made off with a considerable sum of money. That day, the attacker put the funds through a cryptocurrency tumbler, making it much more difficult to trace the collective 4,479 ETH that was stolen in roughly equal amounts from each protocol.Hundred and Agave were the second and third defi protocols targeted by flash loan attacks that same day, with Deus Finance losing more than $3 million to hackers using the same class of exploit.

Total loss estimated at $12,066,426.

Technical Details

Initial Attack Vector
Flash loan attack on smart contract
Vendor / Product
Hundred Finance and Agave Finance

Timeline

  1. 2022-03-15 Breach occurred
  2. 2022-03-15 Publicly disclosed