ChainBleedv0.1 · open intel
← back to feed·ETH2020-11-22 · 5y ago
Incident · SLOWMIST

Pickle Finance

Fake currency for real currency
Estimated loss
$20.00M
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.

▰ PROOF OF CONCEPT
DEFIHACKLABS
src/test/2020-11/Pickle_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

Ethereum DeFi project Pickle Finance was attacked, losing about 20 million DAI. According to SlowMist analysis, the attacker completes an attack by forging the contract addresses of _fromJar and _toJar when calling the swapExactJarForJar function in the Controller contract, and then transferring the fake currency in exchange for the real DAI in the contract. SlowMist indicates that the swapExactJarForJar function in Pickle Finance's Controller contract allows two arbitrary jar contract addresses to be passed in for token exchange. Among them, _fromJar, _toJar, _fromJarAmount, and _toJarMinAmount are all variables that users can control. Attackers use this feature, fill in both _fromJar and _toJar with their own addresses, and _fromJarAmount is the amount of DAI set by the attacker to extract the contract, about 20 million DAI. Attack method (per SlowMist): Fake currency for real currency. Reported loss: $ 20,000,000.

Primary source
https://twitter.com/picklefinance/status/1330242051468910596
Sourced from
slowmist
Technical record
chain
ethereum
protocol
Pickle Finance
bug_class
unknown
date_occurred
2020-11-22
loss_usd
$20,000,000
source_id
sm:pickle-finance::2020-11-22
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