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Bacon Protocol

Mar 5, 2022

$1.0M
Lost
$1.0M
Recovered
$0
Net loss
$1.0M
Unrecovered0% recovered

Bacon Protocol NFT mortgage lending platform was exploited via reentrancy in the lend() function. The contract used ERC777 without considering callback security, allowing an attacker to reenter lend() to obtain excessive lending credits and drain ~$1M.

How the exploit worked

View reproducible PoC

Reentrancy.

Lost: $1 million

Source: DeFiHackLabs (SunWeb3Sec)

Target
DeFi
Classification
Reentrancy
Technique
Reentrancy
Attribution
Unknown
Chains
Ethereum

Event timeline

  1. Mar 5, 2022
    Exploit executed — $1.0M drained via reentrancy
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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