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Wednesday

30 September 2020

DeFi platform bZX sees new $8M hack from one misplaced line of code

DeFi platform bZX sees new $8M hack from one misplaced line of code


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This meant that the subtraction had no effect, so the attackers could simply create new tokens at will.

The duplicated tokens were then redeemed for their underlying collateral, with the hackers now “owning” a much higher percentage of the pool that let them drain 219,199.66 LINK, 4,502.70 Ether (ETH), 1,756,351.27 Tether (USDT), 1,412,048.48 USD Coin (USDC) and 667,988.62 Dai (DAI) — a total of $8 million in value.

Nevertheless, the Fulcrum protocol was left with just $6 million in total value locked after the incident.

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