ChainBleedv0.1 · open intel
← back to feed·ARBORACLE2023-02-10 · 3y ago
Incident · SLOWMIST

dForce

Price Manipulation
Estimated loss
$3.65M
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
ORACLE
ORACLEBYTECODE 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/2023-02/dForce_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 DeFi aggregation platform dForce was attacked in Arbitrum and Optimism, and the attackers made a profit of about 3.65 million US dollars. According to the analysis of SlowMist, the root cause of this attack is that the attacker used the process of first transferring Native tokens and then burning LP when removing liquidity in wstETH/ETH Pool, triggering the callback of receiving Native tokens to re-enter to manipulate the virtual price and Liquidate other users for profit. On February 13, dForce tweeted that the attackers had returned all stolen funds to the project multi-signature addresses on Arbitrum and Optimism, and all affected users would be compensated. Attack method (per SlowMist): Price Manipulation. Reported loss: $ 3,650,000.

Primary source
https://twitter.com/dForcenet/status/1623904209161830401
Sourced from
slowmist
Technical record
chain
arbitrum
protocol
dForce
bug_class
oracle
date_occurred
2023-02-10
loss_usd
$3,650,000
source_id
sm:dforce::2023-02-10
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