Neko Network Contract Vulnerability: $2.20M Reported Loss
The Neko Network, a lending protocol on the Binance Smart Chain (BSC), was attacked.
- Reported loss
- $ 2,200,000
- Attack category
- Contract Vulnerability
Incident Overview
The attacker used vulnerabilities in the protocol to mortgage assets in the name of the user and sent the borrowed funds directly to the attacker’s own address. All asset pools on the Neko Network have been frozen to avoid changes. Multiple attacks occur. Due to the setting of the time lock, it takes 24 hours to develop the fund pool and allow users to raise funds in the pool. Neko Network is a product developed by the Zero Coupon Money Market Protocol Maze Protocol team.
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.