ChainBleedv0.1 · open intel
← back to feed·2021-09-09 · 4y ago
Incident · SLOWMIST

dYdX

Contract deployment error
Estimated loss
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
Undisclosed
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

Twitter netizen "mhonkasalo" stated that there was a bug in the dYdX pledge contract. The user received 0 stkDYDX when pledged, the front end was disabled, and there were 64 affected addresses. Later, dYdX released the "Pledge Contract Bug" incident report. During the deployment of the upgradeable smart contract, the dYdX security module made an error, which caused the ratio of DYDX to stkDYDX to change from 1 to 0, so that users who pledged DYDX did not receive stkDYDX. dYdX stated that the error was caused by an error in the smart contract deployment process. It believed that there was no error in the code itself. The security module was previously audited by the smart contract, and based on the liquidity module design, the design was also audited. The security module is thoroughly tested before deployment. At present, user funds are safely locked in the security module until the end of the 28-day epoch, and no security module rewards are distributed and no withdrawals are possible. In order to restore the contract function, an upgrade is required. The suggested solution is to restore the security module function, allow the pledged user to retrieve the funds, and compensate the user for the wrong reward for participating in the security module. Attack method (per SlowMist): Contract deployment error. Reported loss: -.

Primary source
https://twitter.com/dydxfoundation/status/1435641354860834816
Sourced from
slowmist
Technical record
chain
protocol
dYdX
bug_class
unknown
date_occurred
2021-09-09
loss_usd
source_id
sm:dydx::2021-09-09
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