ChainBleedv0.1 · open intel
← back to feed·FLASHLOAN2021-02-27 · 5y ago
Incident · SLOWMIST

Yeld.finance

Flash loan attack
Estimated loss
$160.0K
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.

Forensic narrative

The DAI pool of Yeld.finance, the DeFi revenue aggregator, was attacked by a lightning loan, resulting in a loss of 160,000 DAI, involving more than 10 users. Tether, TrueUSD and USDC were not affected. According to reports, Yeld’s problem is consistent with the previous Yearn.Finance DAI pool vulnerability problem. The official also stated that the affected users will be repaid with tokens, which will be rewarded with income from the DAI pool to make up for some of their losses. Later, Yeld.finance officially stated that the 160,000 DAI caused by the lightning loan attack has been returned. This event is suspected to be the work of a white hat, and the official will further update the details. Attack method (per SlowMist): Flash loan attack. Reported loss: $ 160,000 DAI.

Primary source
https://twitter.com/YeldF/status/1365623299552772096
Sourced from
slowmist
Technical record
chain
protocol
Yeld.finance
bug_class
flashloan
date_occurred
2021-02-27
loss_usd
$160,000
source_id
sm:yeld-finance::2021-02-27
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