VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
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
According to Cointelegraph, Skyward Finance, the NEAR on-chain asset issuance platform, suffered a vulnerability exploit and has lost 110 NEAR tokens (about $3 million). The Ref Finance and Skyward teams have been informed of the existence of the vulnerability. The attackers reportedly purchased large amounts of Skyward Tokens on Ref Finance, then redeemed them through the Treasury on Skyward Finance, and then earned more than the value of the Skyward Tokens originally invested. Attack method (per SlowMist): Contract Vulnerability. Reported loss: $ 3,000,000.
Primary source
https://cointelegraph.com/news/skyward-finance-exploit-allegedly-results-in-3-million-loss ↗Sourced from
slowmist
Technical record
- chain
- —
- protocol
- Skyward Finance
- bug_class
- logic
- date_occurred
- 2022-11-02
- loss_usd
- $3,000,000
- source_id
- sm:skyward-finance::2022-11-02
Related — same bug class· logic