VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
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/2022-04/Elephant_Money_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
According to a statement by cybersecurity team BlockSec, Elephant Money DeFi protocol has fallen victim to a price manipulation attack that started with borrowed Wrapped Binance Coins (WBNB). Reported loss: $11,200,000.
Sourced from
chainsec
Technical record
- chain
- —
- protocol
- Elephant Money
- bug_class
- oracle
- date_occurred
- 2022-04-13
- loss_usd
- $11,200,000
- source_id
- cs:elephant-money::2022-04-13
Related — same bug class· oracle