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/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
Saddle Finance, a decentralized exchange for trading stablecoins, was hacked in a DeFi exploit today. The unknown hacker carried out the exploit at 07:40 AM UTC and netted over $10 million in ether cryptocurrency, according to on-chain data. Reported loss: $10,000,000.
Primary source
https://www.theblockcrypto.com/linked/144491/stablecoin-dex-saddle-finance-hacked-for-10-million ↗Sourced from
chainsec
Technical record
- chain
- —
- protocol
- Saddle Finance
- bug_class
- unknown
- date_occurred
- 2022-04-30
- loss_usd
- $10,000,000
- source_id
- cs:saddle-finance::2022-04-30
Related — same bug class