Data leak
[loss] $1M+
Tweet by Team Finance
Primary Source ↗Financial Loss
$1.4M
(1,450,000 USD)
Recovered
$13.0M
Incident Details
Team Finance is a project that helps projects lock their tokens to be released after a certain period or on a schedule. A hacker exploited a vulnerability in a smart contract that enabled users of Team Finance to migrate from version two to version three of their project, despite that contract being audited. The attacker made off with $14.5 million thanks to the vulnerability, though 90% of the funds were later returned.
Total loss estimated at $1,450,000.
Technical Details
- Initial Attack Vector
- Software bug / unintentional loss
- Vendor / Product
- Team Finance
Timeline
- 2022-10-27 Breach occurred
- 2022-10-27 Publicly disclosed