Shezmu Contract Vulnerability: $4.90M Reported Loss
A crypto yield platform called Shezmu suffered a loss of around $4.9 million in $ShezUSD after an attacker exploited a flaw that allowed anyone to mint collateral, which they could then use to borrow ShezUSD.
- Reported loss
- $ 4,900,000
- Attack category
- Contract Vulnerability
Incident Overview
These tokens were relatively illiquid, however, so the total amount the attacker could have obtained was likely considerably less. Shortly after the attack, Shezmu offered a 10% "bounty" for the return of the funds. The attacker responded that they would only consider a 20% bounty. Shezmu agreed to the terms, and announced to their followers that they had achieved a recovery from the "white hat" hacker.
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.