ChainBleedv0.1 · open intel
← back to feed·2020-06-29 · 5y ago
Incident · CHAINSEC

Balancer

Exploit
Estimated loss
$500.0K
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.

▰ PROOF OF CONCEPT
DEFIHACKLABS
src/test/2020-06/Balancer_20200628_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

Balancer Pool admitted early Monday morning it had fallen victim to a sophisticated hack that exploited a loophole, tricking the protocol into releasing $500,000 worth of tokens. Reported loss: $500,000.

Primary source
https://www.coindesk.com/hacker-drains-defi-liquidity-balancer
Sourced from
chainsec
Technical record
chain
protocol
Balancer
bug_class
unknown
date_occurred
2020-06-29
loss_usd
$500,000
source_id
cs:balancer::2020-06-29
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