Orion Protocol Exploited for $3M Attributable to Reentrancy Bug

• Orion Protocol lately suffered a $3 million exploit.
• In accordance with the findings, the exploit was attributable to a reentrancy bug.
• PeckShield shares vital particulars relating to the exploit.

Orion Protocol, a liquidity aggregator for a number of crypto exchanges, lately suffered an exploit that induced the platform $3 million in losses. The protocol halted operations following the theft, based on PeckShield particulars. The blockchain securities and knowledge analytics platform launched particulars relating to the assault in considered one of their latest tweets.

1/ Once more, a $3M lesson from the reentrancy bug! The @orion_protocol is hacked resulting from a reentrancy subject in its core contract: ExchangeWithOrionPool. Each eth/bsc deployment are hacked. Listed below are the 2 associated hack txs: https://t.co/YvRIRq6T57https://t.co/GbexocEZAo https://t.co/lF13kbMkA8

— PeckShield Inc. (@peckshield) February 3, 2023

PeckShield revealed that the exploit occurred because of the reentrancy bug. The securities agency additionally said that the hack occurred resulting from inadequate reentry safety. PeckShield additionally talked about that the swapThroughOrionPool perform permits anybody with crafted tokens to re-enter the deposit asset perform to extend their stability with out really spending any funds.

PeckShield additionally elaborated that the hack initially began on BSC with 0.4 BNB from TornadoCash. The ETH hack then withdraws 0.4 ETH from SimpleSwap. Additionally they highlighted that the hacker made 1,100 ETH from the hack, which was deposited into TornadoCash, and that one other 657 ETH continues to be within the hacker’s account.

How…

The put up Orion Protocol Exploited for $3M Attributable to Reentrancy Bug appeared first on Coin Version.

See unique on CoinEdition