KiloEx halted trading on the platform while investigating the exploit, and contacted the hacker to try to negotiate a 90% return of funds.
KiloEx later announced that the recovery had been successful, and that they would pay out the 10% "bounty".
KiloEx exploited for $7.5 million
KiloEx, a decentralized perpetual futures exchange, was exploited for $7.5 million. An attacker executed an oracle manipulation attack on KiloEx's pricing smart contracts to steal funds across the Base Ethereum layer-2 chain, BNB Chain, and Taiko.
Polter Finance exploited for $12 million
The Fantom-based Polter Finance defi project was exploited for $7 million when an attacker was able to perform an oracle manipulation attack. By artificially increasing the price of the $BOO token, which is a governance token used by the SpookySwap project, they were then able to use that token to drain Polter's liquidity pools using a flash loan. The attacker successfully drained the entire $12 million worth of tokens on the platform.
The creator of the platform stated that they had filed a police report with Singaporean authorities. They also attempted to contact the hacker via on-chain message to negotiate the return of funds, but have not received a response.
UwU Lend suffers almost $20 million hack
The defi lending protocol UwU Lend was hacked for around $20 million. After various blockchain security firms observed suspicious outflows of funds, the protocol acknowledged there had been a "situation" on their Twitter account, and wrote that they had paused the protocol while they were investigating.
UwU Lend was founded by Michael Patryn, aka Omar Dhanani, aka "0xSifu" — a co-founder of the ill-fated QuadrigaCX exchange and ex-con. He also pseudonymously ran the defi cryptocurrency project Wonderland until his identity was revealed after the protocol suffered a meltdown.
WOOFi hacked for $8.75 million
An attacker was able to use a flash loan attack to manipulate an oracle on the WooFi DEX implementation on the Arbitrum network. By manipulating the price of $WOO, they were able to steal around $8.5 million.
Blockchain security firms detected the attack quickly, and the project team paused the project's smart contract within fifteen minutes, but not before the millions were stolen. They contacted the attacker via an on-chain message to offer a 10% "bounty", later threatening that they had a "strong lead that we think will soon reveal the identity of the exploiter".
- Woofi, Rekt [archive]
- "WOOFi sPMM exploit post-mortem", WOOFi [archive]
New Rodeo Finance project exploited for the second time in one week
An attacker manipulated a price oracle to drain 472 ETH (~$884,000) from Rodeo Finance, a new Arbitrum-based leveraged yield protocol. The thief then used Tornado Cash to tumble the funds, some of which they placed into staking programs. According to Rodeo Finance, the attacker initially exploited the protocol for closer to $1.7 million, but $810,000 was recovered. Small victories. Anyway, Rodeo paused the protocol, and stated that they are working on recovery plans.
This was actually the second attack to impact Rodeo Finance in a single week. On July 5, the same day as their public token launch, the project was exploited for around $90,000 thanks to a bug in a smart contract.
Themis Protocol hacked shortly after going live
Themis Protocol is a lending platform that has had somewhat of an excruciating rollout, with users waiting ever longer for the platform to finally go live as they endured multiphased airdrops but no usable product. On June 16, the project finally launched in beta on Arbitrum, an Ethereum layer 2.
Only eleven days later, on June 27, the team boasted that the project "has grown to over $1m TVL in 2 working days". An hour after that, they announced that they would be suspending the protocol and beginning an immediate investigation into an apparent theft. Themis boasts in its documentation that "security is the highest priority" of the project, and lists multiple audits from PeckShield.
An attacker was apparently able to exploit the project, draining around 220 Themis-wrapped ETH (nominally worth ~$417,000). Due to liquidity issues, they could only swap these for around 94 ETH (~$178,000) and almost $190,000 in stablecoins, for a total haul of around $368,000.
Sturdy Finance exploited for $775,000
The Sturdy Finance defi lending protocol was exploited, with hackers taking advantage of an oracle manipulation vulnerability to make off with 442 ETH (~$775,000). They subsequently transferred the funds into Tornado Cash. The total loss to the project was somewhat higher: 504 ETH (~$884,000).
Roughly an hour after the attack, the project tweeted that they were aware of the attack, and had paused all markets. On June 19 the project sent a message to the attacker, pleading with them to return the funds and threatening: "There are criminal organizations following the same evidence trails we are. This isn't going away until you return funds. We are your best option out of this."
0VIX Protocol exploited for $2 million
The 0VIX defi protocol on the Polygon blockchain was exploited for around $2 million. This was a substantial portion of the project's roughly $6.4 million TVL around the time of the hack. The attack was perpetrated by an attacker who manipulated an oracle, which then allowed them to execute a flash loan attack on the project.
The protocol was paused following the attack. 0VIX later tweeted that they had been collaborating with security firms to investigate the hack, and had offered to let the attacker keep $125,000 if they returned the remaining funds in a bug bounty agreement that would also involve 0VIX not pursuing legal action.
Bonq defi borrowing project exploited
The Polygon-based defi borrowing protocol Bonq suffered an attack in which 112 million ALBT tokens and around 100 million BEUR tokens were stolen. A flaw in the protocol enabled the attacker to modify oracle prices, allowing them to mint new ALBT and BEUR for significantly less than market price.
The attacker quickly bridged the tokens to the Ethereum chain and swapped them for ETH and USDC, collectively worth around $1.7 million. The price of ALBT plunged around 50%, and the BEUR Euro-pegged stablecoin significantly lost its peg.
Pando exploited for $20 million
The defi protocol Pando suffered a $20 million loss when it was exploited with an oracle manipulation attack. The protocol suspended several of its projects in response to the hack, and wrote that they hoped to negotiate with the hacker to regain some of the stolen proceeds. Some of the stolen funds were able to be locked, although it's not clear if it was the total amount.