Gelato Network Contract Vulnerability: $744.00K Reported Loss
Smart contract automation tool Gelato Network tweeted: "We have been alerted to a critical vulnerability in Sorbet Finance's G-UNI router contract.
- Reported loss
- $ 744,000
- Attack category
- Contract Vulnerability
Incident Overview
This vulnerability only affects users interacting with the Sorbet UI." Gelato Network released a security incident investigation report, saying that white hat hackers transferred a total of $27 million in assets to ensure the safety of user assets, but there were still $744,000 of funds that were maliciously attacked by MEV. The project stated that the vulnerability that emerged this time is similar to the previous dydx vulnerability, and the smart contract at risk can make arbitrary low-level calls aimed at executing transactions on 1inch, making potential exploits possible.
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.