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T

Telcoin

Dec 25, 2023

$1.3M
Lost
$1.3M
Recovered
$0
Net loss
$1.3M
Unrecovered0% recovered

Telcoin's Polygon wallet proxy contracts were uninitialized, allowing an attacker to initialize dormant wallets with malicious versions and drain user funds that had never executed transactions.

How the exploit worked

View reproducible PoC

Storage Collision.

Lost: ~1,24M

Source: DeFiHackLabs (SunWeb3Sec)

Target
Other
Classification
Access Control
Technique
Uninitialized Proxy
Attribution
Unknown
Chains
Polygon

Event timeline

  1. Dec 25, 2023
    Exploit executed — $1.3M drained via uninitialized proxy
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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