SIL.Finance Contract Vulnerability
DeFi gathers reasonable financial services SIL.Finance contract has high-risk loopholes.
- Attack category
- Contract Vulnerability
Incident Overview
Later, SIL.Finance issued an article saying that the incident was caused by a vulnerability in the smart contract permissions, which in turn triggered a general preemptive trading robot to submit a series of transactions for profit. After discovering that the smart contract could not be withdrawn due to high-risk loopholes, after 36 hours of efforts such as SlowMist, it has successfully recovered USD 12.15 million.SIL.Finance stated that if any user assets are damaged in this incident, the team decided to use its own funds to launch a compensation plan: all users who suffered losses will receive 2 times the compensation, which will be issued in SIL.
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.