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Team Finance

Oct 27, 2022

$15.8M
Lost
$15.8M
Recovered
$0
Net loss
$15.8M
Unrecovered0% recovered

Team Finance's migrate function, which moves locked LP positions from Uniswap v2 to v3, never validated that token and pair parameters matched the caller's lock. On 27 October 2022, an attacker locked a worthless token, then used another user's lock parameters to move that liquidity into an attacker-controlled v3 pair at a skewed price.

8M for $2,700 of attacker capital.

How the exploit worked

View reproducible PoC

Liquidity Migration Exploit.

Lost: Multiple Tokens ~$15.8M US$

Source: DeFiHackLabs (SunWeb3Sec)

Target
DeFi
Classification
Input Validation
Technique
Missing Input Validation
Attribution
Unknown
Chains
Ethereum

Event timeline

  1. Oct 27, 2022
    Exploit executed — $15.8M drained via missing input validation
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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