ChainBleedv0.1 · open intel
← back to feed·FLASHLOAN2021-12-19 · 4y ago
Incident · SLOWMIST

GrimFinance

Flash Loan Attack
Estimated loss
$30.00M
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
FLASHLOAN
FLASHLOANBYTECODE 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/2021-12/Grim_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 official sources, GrimFinance, a compound income platform on the Fantom chain, suffered a lightning loan attack, and the current loss has exceeded 30 million U.S. dollars. The attacker uses the function named "beforeDeposit()" in GrimFinance's vault strategy to attack and enter the malicious Token contract. Attack method (per SlowMist): Flash Loan Attack. Reported loss: $ 30,000,000.

Primary source
https://twitter.com/financegrim/status/1472357770846519312
Sourced from
slowmist
Technical record
chain
protocol
GrimFinance
bug_class
flashloan
date_occurred
2021-12-19
loss_usd
$30,000,000
source_id
sm:grimfinance::2021-12-19
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