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Rikkei Finance

Apr 15, 2022

$1.1M
Lost
$1.1M
Recovered
$0
Net loss
$1.1M
Unrecovered0% recovered

Rikkei Finance lending protocol lacked permission controls in the setOracleDate function, allowing an attacker to manipulate oracle prices. 0001 BNB as collateral, the attacker borrowed all USDC, BTC, DAI, USDT, and BUSD from liquidity pools by inflating collateral value through the malicious oracle.

How the exploit worked

View reproducible PoC

Access control & Price Oracle Manipulation.

Lost: $1.1 million (2671 BNB)

Source: DeFiHackLabs (SunWeb3Sec)

Target
DeFi
Classification
Access Control
Technique
Improper Access Control
Attribution
Unknown
Chains
BSC

Event timeline

  1. Apr 15, 2022
    Exploit executed — $1.1M drained via improper access control
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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