ChainBleedv0.1 · open intel
← back to feed·FLASHLOAN2023-11-07 · 2y ago
Incident · SLOWMIST

MEV Bot

Flash Loan Attack
Estimated loss
$2.15M
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/2023-11/MEV_0x8c2d_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

The MEV Bot (0x05f016765c6c601fd05a10dba1abe21a04f924a5) was exploited and lost about 1k ETH! The core reason is that the 0xf6ebebbb function used to trigger arbitrage in the contract lacks authentication. The attacker calls this function to exchange the tokens in the contract into the pool on curve, and then uses funds of the flash loan to reverse exchange and obtain profit. Attack method (per SlowMist): Flash Loan Attack. Reported loss: $ 2,152,392.

Primary source
https://twitter.com/SlowMist_Team/status/1722081647028478029
Sourced from
slowmist
Technical record
chain
protocol
MEV Bot
bug_class
flashloan
date_occurred
2023-11-07
loss_usd
$2,152,392
source_id
sm:mev-bot::2023-11-07
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