Fei Protocol Contract Vulnerability
Fei Labs, the development team of the decentralized stablecoin project Fei Protocol, tweeted that a vulnerability involving the ETH joint curve contract was discovered and disclosed on May 2 and the contract was immediately suspended.
- Attack category
- Contract Vulnerability
Incident Overview
The vulnerability has not been exploited and will not affect any users. . This loophole will cause the flash loan market manipulation to exhaust Fei Protocol's Protocol Control Fund (PCV). In addition, Fei Protocol awarded the vulnerability discoverer Alexander Schlindwein a $800,000 TRIBE token reward. Currently, OpenZeppelin and Alexander Schlindwein have assisted in repair review and verification, sending ETH from the joint curve to the reserve stabilizer instead of the ETH-FEI Uniswap pool to eliminate the attack vector, and adding to the pool to prevent malicious arbitrage Other reviews.
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.