Lendhub

Lendhub Hacked for $6 Million

January 12, 2023
Attack Types: 
Smart Contract Exploit
Entity Types: 
DeFi ,Lending Platform
Target Entities: 
Lendhub

Summary # A hacker exploited a vulnerability in the LendHub protocol to steal approximately $6 million in digital assets. The vulnerability was caused by the existence of two IBSV tokens on the platform, one of which had been deprecated but not removed. The attacker was able to mint and redeem tokens in the old market while borrowing against them in the new market, ultimately making off with the majority of the assets on the platform. ...