ChainBleedv0.1 · open intel
← back to feed·ARBFLASHLOAN2023-10-13 · 2y ago
Incident · SLOWMIST

Beluga Protocol

Flash Loan Attack
Estimated loss
$175.0K
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
FLASHLOAN
FLASHLOANBYTECODE 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/2023-10/BelugaDex_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 Beluga Protocol on Arbitrum fell victim to a flashloan attack. The attacker made a profit of approximately $175,000 by manipulating the USDT-USDC.e balance, allowing for the withdrawal of extra tokens. Attack method (per SlowMist): Flash Loan Attack. Reported loss: $ 175,000.

Primary source
https://twitter.com/CryptoGiants_/status/1712709341709476015
Sourced from
slowmist
Technical record
chain
arbitrum
protocol
Beluga Protocol
bug_class
flashloan
date_occurred
2023-10-13
loss_usd
$175,000
source_id
sm:beluga-protocol::2023-10-13
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