Agave Flash Loan Attack: $5.40M Reported Loss
The Agave contract on Gnosis Chain was attacked due to an untrusted external call.
- Reported loss
- $ 5,400,000
- Attack category
- Flash loan attack
Incident Overview
The attacker calls the liquidateCall function to liquidate himself without any debt. During the liquidation process, the liquidation contract called the attacker contract. During the process, the attack contract deposited 2728 WETH obtained through the flash loan and minted 2728 aWETH. And use this as collateral to lend out all available assets in the Agave project. After the external call ends, the liquidateCall function directly liquidates the 2728 aWETH previously deposited by the attacker and transfers it to the liquidator.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.