VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
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
The project Nereus Finance on AVAX was attacked. The attacker made a profit of about 371,000 USDC by using the classic flash loan attack mode, namely "flash loan -> skew reserve -> fake LP token pricing -> repay the flash loan". Attack method (per SlowMist): Flash Loan Attack. Reported loss: 371,000 USDC.
Primary source
https://medium.com/nereus-protocol/post-mortem-flash-loan-exploit-in-single-nxusd-market-343fa32f0c6 ↗Sourced from
slowmist
Technical record
- chain
- —
- protocol
- Nereus
- bug_class
- flashloan
- date_occurred
- 2022-09-06
- loss_usd
- —
- source_id
- sm:nereus::2022-09-06
Related — same bug class· flashloan