VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
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
Belt Finance, a platform that provides automated market making for decentralized finance (DeFi), was hacked Saturday in a flash loan attack that resulted in a profit of $6.23 million for the perpetrator and an overall $50 million loss for the platform. Reported loss: $50,000,000.
Primary source
https://www.coindesk.com/belt-finance-loses-6-23m-in-another-exploit-of-a-binance-smart-chain-defi-protocol ↗Sourced from
chainsec
Technical record
- chain
- —
- protocol
- Belt Finance
- bug_class
- flashloan
- date_occurred
- 2021-05-28
- loss_usd
- $50,000,000
- source_id
- cs:belt-finance::2021-05-28
Related — same bug class· flashloan