ChainBleedv0.1 · open intel
← back to feed·FLASHLOAN2023-07-22 · 2y ago
Incident · SLOWMIST

Conic Finance

Flash Loan Attack
Estimated loss
$300.0K
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/2023-07/Conic_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

This second attack was unrelated to the ETH Omnipool's re-entrancy exploit. The attacker was able to realize a profit of approximately $300k by exploiting the crvUSD Omnipool. We will share more updates as we continue to investigate. Attack method (per SlowMist): Flash Loan Attack. Reported loss: $ 300,000.

Primary source
https://twitter.com/ConicFinance/status/1682524319518269440
Sourced from
slowmist
Technical record
chain
protocol
Conic Finance
bug_class
flashloan
date_occurred
2023-07-22
loss_usd
$300,000
source_id
sm:conic-finance::2023-07-22
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