NovaBox Flash Loan Attack: $93.60K Reported Loss
The NovaBox platform’s reward pool on Ethereum was hacked.
- Reported loss
- $ 93,600
- Attack category
- Flash Loan Attack
Incident Overview
The attacker borrowed 427.5 WETH via an Aave V3 flash loan and exploited a flaw in the reward distribution mechanism (dividends distributed before balance updates on deposits/withdrawals). By first depositing a small amount of NOVA tokens to trigger dividend calculation and then a large ETH deposit to inflate their actual share—while the system still calculated based on the old small share—they generated approximately 145.82 ETH in “phantom dividends,” draining the pool from 65.11 ETH to 0.09 ETH (99.86% loss) in a single transaction. Security firm F12 confirmed it was not a smart contract vulnerability but a flaw in the reward mechanism logic.
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.