ChainBleedv0.1 · open intel
← back to feed·REENTRANCY2023-12-16 · 2y ago
Incident · SLOWMIST

NFT Trader

Reentrancy Attack
Estimated loss
$3.00M
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/2023-12/NFTTrader_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

On December 16, the SlowMist security team issued an alert that @NftTrader appeared to have been exploited due to a reentrancy issue. On December 17, the NFT Trader hacker claimed in on-chain messages that the original attack had been perpetrated by someone else, but that they were one of the many copycat attackers, describing themselves as someone who had "[come] here to pick up residual garbage". They requested victims send additional ETH to get their NFTs back. "If you want the monkey nft back, then you need to pay me a bouty, which is what I deserve", they wrote, asking for NFT holders to send them 10% of the Ape floor price. On December 17, Boring Security tweeted, "All 36 BAYC and 18 MAYC that the exploiter had are now in our possession. We sent her 10% of the floor price of the collections as bounty. We will be working with the affected victims getting them back to them free of charge." Attack method (per SlowMist): Reentrancy Attack. Reported loss: $ 3,000,000.

Primary source
https://twitter.com/SlowMist_Team/status/1736005523550646535
Sourced from
slowmist
Technical record
chain
protocol
NFT Trader
bug_class
reentrancy
date_occurred
2023-12-16
loss_usd
$3,000,000
source_id
sm:nft-trader::2023-12-16
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