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Alchemix V2

Jun 16, 2021

$6.5M
Lost
$6.5M
Recovered
$0
Net loss
$6.5M
Unrecovered0% recovered

Alchemix alETH vault exploited via incorrect vault indexing in the deployment script. Wrong index in debt calculations allowed collateral withdrawal without loan repayment.

Target
DeFi
Classification
Protocol Logic
Technique
Borrow Logic Flaw
Attribution
Unknown
Chains
Ethereum

Event timeline

  1. Jun 16, 2021
    Exploit executed — $6.5M drained via borrow logic flaw
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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