Rari Capital

Fei Protocol Hack: $80 Million Stolen in Reentrancy Attack

April 30, 2022
Attack Types: 
Smart Contract Exploit ,Reentrancy Attack
Entity Types: 
DeFi ,Stablecoin ,Lending Platform
Target Entities: 
Fei Protocol ,Rari Capital

Summary # On April 30, 2022, Fei Protocol, a decentralized finance (DeFi) protocol that merged with Rari Capital in 2021, was hacked for $80 million. The attacker exploited a reentrancy vulnerability in the protocol’s smart contracts to withdraw funds from the protocol’s reserves. Attackers # The identity of the attacker(s) is unknown. ERC-20 FeiProtocol-Fuse Exploiter: 0x6162759eDAd730152F0dF8115c698a42E666157F Losses # $80 Million Timeline # April 30, 2022, 09:01:35 AM +UTC: The hacker exploited a reentrancy vulnerability in lending protocol April 30, 2022, 10:23:58 AM +UTC: Funds have started to be laundered through Tornado Cash. ...