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
Cheese Bank, a decentralized autonomous digital banking platform based on Ethereum, suffered a loss of USD 3.3 million due to a hacker attack. Hackers conducted a series of malicious lending operations on platforms such as dYdX and Uniswap by using automatic market maker (AMM)-based oracles, resulting in a total loss of over US$3.3 million, including US$2 million in USDC. Attack method (per SlowMist): Flash loan attack. Reported loss: $ 3,300,000.
Primary source
https://cointelegraph.com/news/cheese-bank-s-multi-million-dollar-hack-explained-by-security-firm ↗Sourced from
slowmist
Technical record
- chain
- ethereum
- protocol
- Cheese Bank
- bug_class
- oracle
- date_occurred
- 2020-11-13
- loss_usd
- $3,300,000
- source_id
- sm:cheese-bank::2020-11-13
Related — same bug class· oracle