On September 2, a Venus protocol whale user fell victim to a phishing attack that granted the hacker borrowing and redeeming rights, putting approximately $13M of the user’s assets at risk. However, after the hack, the stolen assets remain within the Venus protocol. With the quick response and actions taken by the Venus team, the stolen funds were recovered, and the hacker ended up losing $2.7M.
Enter Verite—the world’s first profit-centric smart contract fuzzing framework. By simulating attacker logic and automating profit maximization, Verite transforms security from reactive detection to proactive defense, bridging the gap between vulnerability discovery and real-world exploitation.
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.