ChainBleedv0.1 · open intel
← back to feed·ETHLOGIC2024-04-26 · 2y ago
Incident · SLOWMIST

Pike Finance

Contract Vulnerability
Estimated loss
$299.1K
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
LOGIC
LOGICBYTECODE 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/2024-04/PikeFinance_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 cross-chain lending protocol Pike Finance tweeted that the USDC pool on Pike Beta has been exploited by a hacker. The total amount of USDC exploited is 299,127. The root cause is led by forged CCTP message to drain USDC on Ethereum, Arbitrum and Optimism chain. Attack method (per SlowMist): Contract Vulnerability. Reported loss: $ 299,127.

Primary source
https://twitter.com/PikeFinance/status/1783989069212799321
Sourced from
slowmist
Technical record
chain
ethereum
protocol
Pike Finance
bug_class
logic
date_occurred
2024-04-26
loss_usd
$299,127
source_id
sm:pike-finance::2024-04-26
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