ChainBleedv0.1 · open intel
← back to feed·2023-03-13 · 3y ago
Incident · SLOWMIST

Angle Protocol

Affected by Euler Finance Attack
Estimated loss
$17.60M
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
Undisclosed
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.

Forensic narrative

Angle Protocol, a decentralized stablecoin protocol, tweeted: "Angle Protocol was affected by the Euler exploit, which deposited 17.6 million USDC into Euler. The protocol has been suspended, the debt ceiling has been set to 0, and the Euler AMO has been closed .are monitoring the situation and will update as soon as they are received.” Angle Protocol stated that before the Euler hack, the total value locked (TVL) of the Angle Core module was about 36 million US dollars, and 17.2 million agEUR had passed through the core. Module casting. In addition, in the agreement are: about 11.6 million US dollars in deposits from standard liquidity providers, about 353,000 US dollars in deposits from hedging agents, and a surplus of about 5.58 million yuan. Attack method (per SlowMist): Affected by Euler Finance Attack. Reported loss: $ 17,600,000.

Primary source
https://twitter.com/AngleProtocol/status/1635293731082612738
Sourced from
slowmist
Technical record
chain
protocol
Angle Protocol
bug_class
unknown
date_occurred
2023-03-13
loss_usd
$17,600,000
source_id
sm:angle-protocol::2023-03-13
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