dForce Price Manipulation: $3.65M Reported Loss
The DeFi aggregation platform dForce was attacked in Arbitrum and Optimism, and the attackers made a profit of about 3.65 million US dollars.
- Reported loss
- $ 3,650,000
- Attack category
- Price Manipulation
Incident Overview
According to the analysis of SlowMist, the root cause of this attack is that the attacker used the process of first transferring Native tokens and then burning LP when removing liquidity in wstETH/ETH Pool, triggering the callback of receiving Native tokens to re-enter to manipulate the virtual price and Liquidate other users for profit. On February 13, dForce tweeted that the attackers had returned all stolen funds to the project multi-signature addresses on Arbitrum and Optimism, and all affected users would be compensated.
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.