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Belt Finance

May 29, 2021

$6.3M
Lost
$6.3M
Recovered
$0
Net loss
$6.3M
Unrecovered0% recovered

3M on May 29, 2021 to a flash loan exploit. Attacker used flash loans to deposit into undersubscribed strategies and manipulate pool ratios, exploiting faulty vault-share valuation that assumed strategies remained balanced.

Target
DeFi
Classification
Token & Share Accounting
Technique
Incorrect Share Accounting
Attribution
Unknown
Chains
BSC

Event timeline

  1. May 29, 2021
    Exploit executed — $6.3M drained via incorrect share accounting
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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