ChainBleedv0.1 · open intel
← back to feed·ORACLE2022-06-16 · 3y ago
Incident · SLOWMIST

Inverse Finance

Flash Loan Attack
Estimated loss
$1.26M
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/2022-06/InverseFinance_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

Inverse Finance suffered a flash loan attack, resulting in a loss of approximately 1068.215 ETH (approximately $1.26 million). This is the second time that Inverse Finance has suffered a flash loan attack in the past two months. The main reason for this attack is the use of insecure oracles to calculate LP prices. Attack method (per SlowMist): Flash Loan Attack. Reported loss: $ 1,260,000.

Primary source
https://www.panewslab.com/zh/articledetails/m20ffpy4.html
Sourced from
slowmist
Technical record
chain
protocol
Inverse Finance
bug_class
oracle
date_occurred
2022-06-16
loss_usd
$1,260,000
source_id
sm:inverse-finance::2022-06-16
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