DeFiPie

Reentrancy Attack

Estimated loss

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VERDICT —UNRATED

Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.

▰ METHOD

REENTRANCY

REENTRANCYBYTECODE CATCHABLE →AI 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.

Forensic narrative

DeFiPie (PIE), the lending protocol on the Ethereum and Binance smart chains, was hacked. It is recommended that all liquidity providers extract all liquidity from the application. PIE tokens fell by more than 66% in 24 hours. The attacker used a re-entry attack to over-borrow and lent a portion of valuable assets. Later, the counterfeit currency was used for liquidation operations and took away the mortgaged valuable assets, which led to the DeFiPie agreement not only lent assets, but also lost all mortgage assets, and liquidity was lost. Attack method (per SlowMist): Reentrancy Attack. Reported loss: 124,999 BUSD.

Primary source

https://medium.com/defipie/hacking-investigation-85e07454f1c9 ↗

Sourced from

slowmist

Technical record