Leaderboard
861All-time rank
Channels Finance
Dec 30, 2023
$320K
Lost
$320K
Recovered
$0
Net loss
$320K
Unrecovered0% recovered
Channels Finance, a Compound V2 fork on BSC, suffered an inflation attack exploiting improper token accounting. The attacker manipulated the protocol's supply mechanics to mint unbacked tokens, draining approximately $320K.
How the exploit worked
View reproducible PoCPrice Manipulation.
Lost: ~$4.4K
Source: DeFiHackLabs (SunWeb3Sec)
- Target
- DeFi
- Classification
- Token & Share Accounting
- Technique
- Infinite Mint
- Attribution
- Unknown
- Chains
BSC
Event timeline
- Dec 30, 2023Exploit executed — $320K drained via infinite mint
- Attributed to Unknown
- Recovery status Unrecovered 0%
Data credits
- DefiLlamaIncident record, amounts, chains, recovery data and logo
- DeFiHackLabsExploit analysis and reproducible proof-of-concept (by SunWeb3Sec)