ChainBleedv0.1 · open intel
← back to feed·ORACLE2024-01-04 · 2y ago
Incident · SLOWMIST

Gamma

Price Manipulation
Estimated loss
$6.18M
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/2024-01/Gamma_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 liquidity management protocol Gamma has been attacked, and its post-mortem indicates that there was a flaw in the deposit agent configuration. This flaw allowed the attacker to manipulate the price up to the price change threshold and mint a disproportionately high number of LP tokens. Attack method (per SlowMist): Price Manipulation. Reported loss: $ 6,180,000.

Primary source
https://medium.com/gamma-strategies/post-mortem-remediation-plan-9a62f10d90f3
Sourced from
slowmist
Technical record
chain
protocol
Gamma
bug_class
oracle
date_occurred
2024-01-04
loss_usd
$6,180,000
source_id
sm:gamma::2024-01-04
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