Leaderboard
194All-time rank
Saddle Finance
Apr 30, 2022
$11.0M
Lost
$11.0M
Recovered
$0
Net loss
$11.0M
Unrecovered0% recovered
On April 30, 2022, Saddle Finance metapool was exploited via flash loan-assisted swaps manipulating LP token pricing. The attacker exploited inconsistencies in price calculations in the sUSD/saddleUSD-V2 metapool, which used the incorrect MetaSwapUtils library, enabling extraction of ~$11M.
How the exploit worked
View reproducible PoCSwap Metapool Attack.
Lost: $10 million
Source: DeFiHackLabs (SunWeb3Sec)
- Target
- DeFi
- Classification
- Protocol Logic
- Technique
- Swap Logic Flaw
- Attribution
- Unknown
- Chains
Ethereum
Event timeline
- Apr 30, 2022Exploit executed — $11.0M drained via swap logic flaw
- Attributed to Unknown
- Recovery status Unrecovered 0%
Data credits
- DefiLlamaIncident record, amounts, chains, recovery data and logo
- DeFiHackLabsExploit analysis and reproducible proof-of-concept (by SunWeb3Sec)