Leaderboard
213All-time rank
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Cover Protocol

Dec 29, 2020

$9.4M
Lost
$9.4M
Recovered
$0
Net loss
$9.4M
Unrecovered0% recovered

Cover Protocol's Blacksmith contract was exploited on December 28-29, 2020, due to incorrect memory/storage reference in reward calculation logic, allowing unbounded minting of approximately 40 quintillion COVER tokens. Funds were returned by a white hat hacker.

How the exploit worked

View reproducible PoC

Incorrect calculation via cached data.

Source: DeFiHackLabs (SunWeb3Sec)

Target
DeFi
Classification
Token & Share Accounting
Technique
Arithmetic Error
Attribution
Unknown
Chains
Ethereum

Event timeline

  1. Dec 29, 2020
    Exploit executed — $9.4M drained via arithmetic error
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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