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Chi Protocol

Jul 13, 2026

$9K
Lost
$9K
Recovered
$0
Net loss
$9K
Unrecovered0% recovered

5K. Attacker flash-loaned 5 WETH, bought depegged USC from a thin Uniswap V2 pool, and burned it against the ReserveHolder.

The burn() function assumed a $1 peg without checking, redeeming full-value collateral.

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

Event timeline

  1. Jul 13, 2026
    Exploit executed — $9K drained via redeem logic flaw
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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