ChainBleedv0.1 · open intel
← back to feed·BSCFLASHLOAN2021-08-04 · 4y ago
Incident · SLOWMIST

Wault Finance

Flash loan attack
Estimated loss
$930.0K
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/2021-08/WaultFinance_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

Wault Finance on the BSC chain was attacked, and the attacker made a profit of 930,000 US dollars. Attackers due to design flaws in the economic model can carry out arbitrage attacks on the pool of WaultSwapPair (BSC_USDT-WEX). Attack method (per SlowMist): Flash loan attack. Reported loss: $ 930,000.

Primary source
https://twitter.com/Wault_Finance/status/1422759668317925376
Sourced from
slowmist
Technical record
chain
bsc
protocol
Wault Finance
bug_class
flashloan
date_occurred
2021-08-04
loss_usd
$930,000
source_id
sm:wault-finance::2021-08-04
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