0vix

0vix Hack: $2 Million Stolen in Exploit

April 28, 2023
Attack Types: 
Smart Contract Exploit ,Flash Loan Attack
Entity Types: 
DeFi ,Lending Platform
Target Entities: 
0vix

Summary # On April 28, 2023, 0vix, a DeFi protocol, was hacked for $2 million in USDC. The attacker executed a sophisticated exploit that involved flash loans, price manipulation, and a self-executed toxic liquidation spiral. All of this occurred within one transaction composed of 278 events. Attackers # The attackers remain unidentified. The attacker(s) utilized the following Polygon addresses: 0x702ef63881b5241ffb412199547bcd0c6910a970 0x407feaec31c16b19f24a8a8846ab4939ed7d7d57 0x49c6dd832d76fb9dd0dfd3a889775faa51af095c Losses # $2 million in USDC Timeline # April 28, 2023, 10:45:16 AM +UTC Attacker’s transaction April 28, 2023, 11:54 AM +UTC: 0VIX announced a temporary suspension of its POS and zkEVM operations due to an exploit April 29, 2023, 03:14:47 PM +UTC: 0VIX Protocol sent a message to the attacker, saying that if no funds are received by 8:00 a. ...