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Starlay Finance

Feb 8, 2024

$2.1M
Lost
$2.1M
Recovered
$0
Net loss
$2.1M
Unrecovered0% recovered

An improper liquidity index computation in the Starlay USDC lending pool on Acala EVM allowed attackers to withdraw far more than their deposits. The rounding issue in the index calculation enabled the exploit.

Target
DeFi
Classification
Protocol Logic
Technique
Redeem Logic Flaw
Attribution
Unknown
Chains
Acala

Event timeline

  1. Feb 8, 2024
    Exploit executed — $2.1M drained via redeem logic flaw
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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