Meerkat Finance

Exploit

Estimated loss

$31.00M

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.

Forensic narrative

Meerkat Finance, a decentralized finance project, has just said it has been drained by $31 million worth of crypto assets due to a hack. But on-chain data shows it may not be as simple as that. Reported loss: $31,000,000.

Primary source

https://www.theblockcrypto.com/linked/97082/rug-pull-defi-meerkat-31-million ↗

Sourced from

chainsec

Technical record