RAI Finance

Affected by ChainSwap Attack

Estimated loss

$414.0K

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.

Forensic narrative

RAI Finance, a cross-chain transaction protocol based on the Polkadot blockchain, issued a post stating that due to the vulnerability of the ChainSwap smart contract, the RAI access and payment permission addresses connected to it were also hacked and stolen. The total amount of stolen RAI in the account reached 2.9 million. On July 5, Rai Finance tweeted that after investigation by the team, hackers had returned 2.2 million RAIs to ChainSwap Deployer. The total loss caused by this incident was reduced to 670,000 RAI. Attack method (per SlowMist): Affected by ChainSwap Attack. Reported loss: $ 414,013.

Primary source

https://medium.com/rai-finance/hacker-has-returned-part-of-the-rai-stolen-due-to-a-loophole-in-the-chainswap-contract-9b1161eafc51 ↗

Sourced from

slowmist

Technical record