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Rari Capital

May 1, 2022

$80.0M
Lost
$80.0M
Recovered
$0
Net loss
$80.0M
Unrecovered0% recovered

Rari Capital's Fuse lending pools were exploited via a reentrancy vulnerability in exitMarket() when an attacker used a Balancer flashloan to deposit collateral, then recursively borrowed assets and withdrew collateral before borrow records were updated, stealing approximately 28,380 ETH and related assets.

How the exploit worked

View reproducible PoC

Flashloan Attack + Reentrancy.

Lost: $80 million

Source: DeFiHackLabs (SunWeb3Sec)

Target
DeFi
Classification
Reentrancy
Technique
Reentrancy
Attribution
Unknown
Chains
EthereumArbitrum

Event timeline

  1. May 1, 2022
    Exploit executed — $80.0M drained via reentrancy
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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