ChainBleedv0.1 · open intel
← back to feed·ORACLE2023-04-02 · 3y ago
Incident · SLOWMIST

Allbridge

Price Manipulation
Estimated loss
$570.0K
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
ORACLE
ORACLEBYTECODE CATCHABLEAI SCANNABLE
Root cause

Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.

▰ PROOF OF CONCEPT
DEFIHACKLABS
src/test/2023-04/Allbridge_exp.sol
view forked test on github ↗

Reproducible Foundry test fork from SunWeb3Sec/DeFiHackLabs. Clone the repo, run forge test against the file path above, and replay the exploit against a mainnet fork at the historical block. Use for reproduction only — not for live targets.

Forensic narrative

The cross-chain bridge Allbridge was hacked and lost about $570,000 (including about 280,000 BUSD and about 290,000 USDT). The root cause appears to be manipulation of the Swap price of the pool. The hacker played the dual role of liquidity provider and trader, draining the funds in the pool. On April 4, Allbridge tweeted: "The owner of address 0xC578 contacted us and refunded 1,500 BNB (approximately $463,600), and the remaining funds will be considered a white hat bounty for this individual. Attack method (per SlowMist): Price Manipulation. Reported loss: $ 570,000.

Primary source
https://twitter.com/Allbridge_io/status/1642507995610329088
Sourced from
slowmist
Technical record
chain
protocol
Allbridge
bug_class
oracle
date_occurred
2023-04-02
loss_usd
$570,000
source_id
sm:allbridge::2023-04-02
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