ChainBleedv0.1 · open intel
← back to feed·POLYREENTRANCY2023-01-16 · 3y ago
Incident · SLOWMIST

Midas Capital

Reentrancy Attack
Estimated loss
$650.0K
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
REENTRANCY
REENTRANCYBYTECODE 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/2023-01/Midas_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

Due to the read-only-reentrancy problem (read-only-reentrancy) when interacting with the Curve liquidity pool, the cross-chain money market solution Midas Capital was attacked and exploited in the Polygon liquidity pool of the stablecoin protocol Jarvis, and has lost $650,000. Attack method (per SlowMist): Reentrancy Attack. Reported loss: $ 650,000.

Primary source
https://twitter.com/MidasCapitalxyz/status/1615407372402585601
Sourced from
slowmist
Technical record
chain
polygon
protocol
Midas Capital
bug_class
reentrancy
date_occurred
2023-01-16
loss_usd
$650,000
source_id
sm:midas-capital::2023-01-16
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