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/2023-03/Euler_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
Euler Finance has suffered an exploit that resulted in almost $200 million being lost. The losses occurred over four transactions in dai (DAI), wrapped bitcoin (WBTC), staked ether (sETH) and USDC, according to smart contract auditor BlockSec. The attacker used a flash loan to conduct the attack. Reported loss: $200,000,000.
Primary source
https://www.coindesk.com/business/2023/03/13/euler-defi-protocol-exploited-for-nearly-185m/ ↗Sourced from
chainsec
Technical record
- chain
- bitcoin
- protocol
- Euler Finance
- bug_class
- flashloan
- date_occurred
- 2023-03-13
- loss_usd
- $200,000,000
- source_id
- cs:euler-finance::2023-03-13
Related — same bug class· flashloan