ChainBleedv0.1 · open intel
← back to feed·FLASHLOAN2022-04-30 · 4y ago
Incident · SLOWMIST

Saddle Finance

Flash Loan Attack
Estimated loss
$10.00M
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
FLASHLOAN
FLASHLOANBYTECODE 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/2022-04/Saddle_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

DeFi protocol Saddle Finance was attacked, causing the protocol to lose more than $10 million. Attack method (per SlowMist): Flash Loan Attack. Reported loss: $ 10,000,000.

Primary source
https://twitter.com/saddlefinance/status/1520451021725741056
Sourced from
slowmist
Technical record
chain
protocol
Saddle Finance
bug_class
flashloan
date_occurred
2022-04-30
loss_usd
$10,000,000
source_id
sm:saddle-finance::2022-04-30
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