Deprecated Thetanuts Vault Exploited for $2.1 Million in Latest DeFi Attack
Attackers drained roughly $2.1 million from a deprecated Thetanuts Finance vault in the newest Decentralized Finance (DeFi) exploit. Whitehat defenders recovered about $2 million in possibility tokens.
The breach hit an previous vault that the protocol had already migrated from years in the past. Thetanuts stated the vault has no connection to its lively merchandise or present methods.
Inside the Thetanuts Vault DeFi Exploit
Blockchain safety corporations flagged the incident on X (previously Twitter). SlowMist traced the foundation reason behind the integer division flaw in the contract’s mint operate.
Following the vault drain, the deposit formulation evaluated to 0 on account of rounding throughout integer division, permitting an attacker to mint tokens for free. The flaw finally enabled unlimited token creation.
PeckShield revealed that the exploiter swapped $105,000 in USDC (USDC) for round 60 Ethereum (ETH). The pockets nonetheless holds roughly $34,000 in possibility tokens.
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Thetanuts additionally addressed the exploit in a public assertion.
“Our preliminary investigation signifies that that is as soon as once more, a deprecated vault that we now have migrated from years in the past. It has no relation to any of our present contracts or merchandise. We will launch a autopsy as soon as we get extra particulars,” the workforce said.
The assault suits a sample of exploits hanging dormant or legacy code. Old contracts typically keep stay on-chain even after groups cease sustaining them.
BeInCrypto reported that attackers drained about $2.1 million from Aztec Connect, which was deprecated three years in the past. A separate breach hit Raydium (RAY) legacy liquidity pools for roughly $1.3 million.
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The submit Deprecated Thetanuts Vault Exploited for $2.1 Million in Latest DeFi Attack appeared first on BeInCrypto.