Leaderboard
92All-time rank
AF
Alpha Finance
Feb 13, 2021
$37.5M
Lost
$37.5M
Recovered
$0
Net loss
$37.5M
Unrecovered0% recovered
Alpha Finance was exploited when an attacker used recursive flash loans to borrow against inflated sUSD debt in the CREAM Iron Bank. A rounding error in the borrow function math enabled manipulation of undercollateralized lending.
- Target
- DeFi
- Classification
- Protocol Logic
- Technique
- Borrow Logic Flaw
- Attribution
- Unknown
- Chains
Ethereum
Event timeline
- Feb 13, 2021Exploit executed — $37.5M drained via borrow logic flaw
- Attributed to Unknown
- Recovery status Unrecovered 0%