ChainBleedv0.1 · open intel
← back to feed·ETHORACLE2023-08-14 · 2y ago
Incident · SLOWMIST

Zunami Protocol

Price Manipulation
Estimated loss
$2.20M
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
ORACLE
ORACLEBYTECODE 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/2023-08/Zunami_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

The Zunami Protocol on Ethereum suffered a price manipulation attack and lost 1,179 ETH (approximately $2.2 million). The reason for the incident is that the calculation of LP price in the vulnerable contract depends on the CRV balance of the contract itself and the conversion ratio of CRV in the wETH/CRV pool. The attacker manipulated the LP price by transferring CRV to the contract and manipulating the conversion ratio of the wETH/CRV pool. According to MistTrack analysis, ETH has been transferred to Tornado Cash at present. Attack method (per SlowMist): Price Manipulation. Reported loss: $ 2,200,000.

Primary source
https://www.odaily.news/newsflash/332604?source=share
Sourced from
slowmist
Technical record
chain
ethereum
protocol
Zunami Protocol
bug_class
oracle
date_occurred
2023-08-14
loss_usd
$2,200,000
source_id
sm:zunami-protocol::2023-08-14
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