ChainBleedv0.1 · open intel
← back to feed·ARBFLASHLOAN2022-12-11 · 3y ago
Incident · CHAINSEC

Lodestar Finance

Exploit
Estimated loss
$5.80M
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/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 lending protocol Lodestar Finance was exploited in a flash loan attack on Dec. 10. According to Lodestar, the attacker manipulated the price of PlutusDAO’s plvGLP token before borrowing all platform liquidity using the inflated token. Reported loss: $5,800,000.

Primary source
https://cointelegraph.com/news/lodestar-finance-exploited-in-flash-loan-attack
Sourced from
chainsec
Technical record
chain
arbitrum
protocol
Lodestar Finance
bug_class
flashloan
date_occurred
2022-12-11
loss_usd
$5,800,000
source_id
cs:lodestar-finance::2022-12-11
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