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
The Bitcoin-native lending protocol, Zest Protocol twitted that it experienced an attack. The attacker lent out an amount exceeding the value of their collateral by artificially inflating its value. The attack has been mitigated, and all unauthorized access has been disabled. The attacker removed 324,000 STX from the protocol, and this loss will be compensated from the Zest Protocol's treasury, ensuring full reimbursement of user assets. Attack method (per SlowMist): Price Manipulation. Reported loss: $ 1,000,000.
Sourced from
slowmist
Technical record
- chain
- bitcoin
- protocol
- Zest Protocol
- bug_class
- access-control
- date_occurred
- 2024-04-12
- loss_usd
- $1,000,000
- source_id
- sm:zest-protocol::2024-04-12
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