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Radiant Protocol on Arbitrum Suffers Flashloan Attack, Resulting in $4.5M Loss: In-Depth Analysis Reveals Exploit Details

On Jan-03-2024 UTC+8:00, the Radiant protocol on Arbitrum was under the flashloan attack. The hacker attacked the #Radiant protocol 3 times, resulting in a total loss of 1.9K $ETH(worth $4.5m).

Daniel Tan
about 2 months ago
Analysis

The Analysis of the Atomicals Market User Asset Loss

On 2023–11–21, the highly Atomicals Market trading platform experienced users’ asset loss incident that has thrown Atomicals Protocol and Atomicals Market, into a storm recently. A series of questions about the ARC-20 token have sparked widespread discussion and skepticism.

Daniel Tan
3 months ago
Analysis

When Hacking Goes Haywire, Raft's 1570 ETH Loss Takes a Cosmic Detour to the Black Hole

2023-11-11 02:59:23 a.m., our MetaScout detected that the stablecoin protocol on #Ethereum, Raft, was under a flash loan attack. It resulted in ~6.7m stablecoin $R being minted and the protocol lost $3.6M. The root cause is the precision calculation issue when minting share tokens, which is used by the hacker to get extra share tokens. MetaTrust Labs conducted in-depth research and analysis on the exploit, revealing how the hacker exploits vulnerability.

Daniel Tan
4 months ago
Analysis

How the 120k ETH was recovered from the exploiter of Wormhole attacker

On February 2, 2022, at 18:24:13 UTC, a mysterious attacker launched an attack on the Wormhole cross-chain bridge on the Solana blockchain. Ultimately, the attacker successfully obtained 120,000 WETH from the Solana chain and transferred it to Ethereum through the cross-chain bridge. Without going into the specifics, we know that the attacker has successfully transferred the acquired WETH to their address on Ethereum. Afterward, the attacker disappeared and left behind this shocking event…

BradMoon
12 months ago
Analysis

Security Analysis of BRA Flash loan attack

This blog post analyzes the BRA flash loan attack, which involved a series of transactions on the Binance Smart Chain. The attacker used a flash loan to borrow 1000 WBNB, which was then used to purchase and sell BRA tokens, resulting in an increase in circulation and a profit of approximately $310,000. The post also suggests using MetaTrust's Prover engine to troubleshoot ERC20 tokens for vulnerabilities and provides tips for preventing similar attacks.

BradMoon
about 1 year ago
Analysis

Defrost Finance Event Analysis

An analysis of the Defrost Finance project hack that occurred on December 23, 2022. The hack involved a re-entrancy attack and a rug pull, resulting in the loss of over $12 million. This post provides transaction information, attack processes, and an analysis of the vulnerabilities that led to the hack. MetaScan has the ability to scan for these types of risks.

BradMoon
about 1 year ago
Analysis

From the Source: Analysis of DFX Finance Attack

An analysis of the DFX Finance attack, focusing on the smart contract code. The attacker exploited a vulnerability in the Curve contract that allowed them to re-enter the deposit function and deposit borrowed tokens, which were then treated as repayment. The attack demonstrates the importance of carefully evaluating the impact of each callback and checking dependent state variables to avoid similar problems.

BradMoon
over 1 year ago
Analysis