ChainBleedv0.1 · open intel
← back to feed·LOGIC2021-11-27 · 4y ago
Incident · SLOWMIST

dYdX

Contract Vulnerability
Estimated loss
$211.0K
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
LOGIC
LOGICBYTECODE 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.

Forensic narrative

DeFi Derivatives Agreement dYdX released an investigation report on the deposit contract accident on November 27, stating that there has been a serious loophole in the agent smart contract that has been handling deposits to the dYdX exchange since November 24. At around 12:00 UTC on the 27th, dYdX The team performed a white hat hacking operation to save vulnerable user funds, totaling approximately US$2 million. These funds are sent to a non-custodial escrow contract, and only the original owner of these funds can retrieve them. However, when the dYdX team performed the white hat hacking operation, an estimated $211,000 of funds was used by the MEV robot, and the user has now been fully compensated. Attack method (per SlowMist): Contract Vulnerability. Reported loss: $ 211,000.

Primary source
https://dydx.exchange/blog/deposit-proxy-post-mortem
Sourced from
slowmist
Technical record
chain
protocol
dYdX
bug_class
logic
date_occurred
2021-11-27
loss_usd
$211,000
source_id
sm:dydx::2021-11-27
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