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MetaPoint

Apr 12, 2023

$820K
Lost
$820K
Recovered
$0
Net loss
$820K
Unrecovered0% recovered

MetaPoint was exploited through a public approval function that allowed attackers to transfer all user assets. The attacker created bulk contracts to invoke the unrestricted approve function and drain maximum token amounts from user deposits.

How the exploit worked

View reproducible PoC

Unrestricted Approval.

Lost: $820k(2500BNB)

Source: DeFiHackLabs (SunWeb3Sec)

Target
DeFi
Classification
Access Control
Technique
Token Approval Abuse
Attribution
Unknown
Chains
BSC

Event timeline

  1. Apr 12, 2023
    Exploit executed — $820K drained via token approval abuse
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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