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Harvest Finance

Oct 26, 2020

$24.0M
Lost
$24.0M
Recovered
$0
Net loss
$24.0M
Unrecovered0% recovered

Harvest Finance exploited October 26, 2020 for $24-34M via Curve oracle manipulation. Attacker deployed $50M flashloan to skew the Curve y-pool USDT/USDC balance, then repeatedly minted fTokens at depressed valuation and redeemed at normal price (~30 times in 7 minutes).

How the exploit worked

View reproducible PoC

Flashloan Attack.

Lost: $33.8 million

Source: DeFiHackLabs (SunWeb3Sec)

Target
DeFi
Classification
Oracle Manipulation
Technique
Spot Price Manipulation
Attribution
Unknown
Chains
Ethereum

Event timeline

  1. Oct 26, 2020
    Exploit executed — $24.0M drained via spot price manipulation
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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