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Pawnfi

Jun 17, 2023

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

Pawnfi's ApeStaking contract allowed attackers to use the same NFT as collateral multiple times for borrowing APE tokens. The vulnerability stemmed from missing NFT transfer verification in the depositAndBorrowApeAndStake() function, enabling an attacker to borrow without securing proper collateral by leveraging an already-staked NFT.

How the exploit worked

View reproducible PoC

Business Logic Flaw.

Lost: ~$820K

Source: DeFiHackLabs (SunWeb3Sec)

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

Event timeline

  1. Jun 17, 2023
    Exploit executed — $820K drained via incorrect share accounting
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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