ChainBleedv0.1 · open intel
← back to feed·ARBORACLE2022-12-11 · 3y ago
Incident · SLOWMIST

Lodestar Finance

Price Manipulation
Estimated loss
$7.00M
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/2022-12/Lodestar_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

Arbitrum-based cryptocurrency lending platform Lodestar Finance was hacked and nearly $7 million in assets siphoned off, the attackers were able to manipulate the price of the plvGLP token, allowing them to use the inflated token to "borrow" the entirety of the Lodestar platform Liquidity available. Attack method (per SlowMist): Price Manipulation. Reported loss: $ 7,000,000.

Primary source
https://twitter.com/LodestarFinance/status/1601686921566375936
Sourced from
slowmist
Technical record
chain
arbitrum
protocol
Lodestar Finance
bug_class
oracle
date_occurred
2022-12-11
loss_usd
$7,000,000
source_id
sm:lodestar-finance::2022-12-11
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