Data leak [loss] $6M+

Tweet thread by LendHub

2023-01-12 [vendor] LendHub
Primary Source ↗
Financial Loss $6.0M (6,000,000 USD)

Incident Details

In a Twitter thread, LendHub published a message stating that “hackers stole about 6 million US dollars of assets from Lendhub”. They wrote that they had “locked the hacker’s attack address”, but whatever they meant by this was not enough to stop the thief from transferring 1,100 ETH (~$1,562,000) to Tornado Cash to tumble.Security firm SlowMist attributed the attack to a token that had been replaced with a new version, but whose original version remained active on the platform. The attacker was able to mint and redeem tokens in the old market, while borrowing against them in the new one, ultimately making off with the majority of the assets on the platform.

Total loss estimated at $6,000,000.

Technical Details

Initial Attack Vector
Smart contract exploit / hack
Vendor / Product
LendHub

Timeline

  1. 2023-01-12 Breach occurred
  2. 2023-01-12 Publicly disclosed