ChainBleedv0.1 · open intel
← back to feed·2021-10-15 · 4y ago
Incident · SLOWMIST

Indexed Finance

Pricing mechanism issues
Estimated loss
$16.00M
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
Undisclosed
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/2021-10/IndexedFinance_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

Indexed Finance, a passive income agreement, was attacked, and the affected fund pools included DEFI5 and CC10. After the vulnerability was discovered, it triggered protection measures including DEGEN, NFTP, and FFF (including DEFI5 and CC10) fund pools, and was frozen. About half an hour ago, Indexed Finance officially stated that the root cause of the attack has been determined. The two index token fund pools, DEGEN and NFTP, have resumed normal operation, while the FFF pool is still in a frozen state. Officials stated in Discord that the damage caused by this attack was about 16 million U.S. dollars. Attack method (per SlowMist): Pricing mechanism issues. Reported loss: $16,000,000.

Primary source
https://ndxfi.medium.com/indexed-attack-post-mortem-b006094f0bdc
Sourced from
slowmist
Technical record
chain
protocol
Indexed Finance
bug_class
unknown
date_occurred
2021-10-15
loss_usd
$16,000,000
source_id
sm:indexed-finance::2021-10-15
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