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Ribbon Finance

Multi-Chain
Last audited on 2021/09/09
No active critical issues

Last Issues (23)

Low
Medium
High
Critical
Total
Not fixed
----0
Fixed
1651123
Total1651123

Reported rekts

Ribbon Finance was reported as rekt on 2022/06/23
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Quick Summary

A DNS attack was made on Ribbon Finance. During the attack one of the users lost 16.5 $WBTC.




Details of the Exploit

https://www.youtube.com/watch?v=U4xMcd_1mKY

A DNS attack was carried out on the Ribbon Finance project, during which 16.5 $WBTC was lost. The on-chain analysis revealed that
the attack has common features with the DNS attack on Convex Finance and was made by the same hacker team. Hackers created a
similar website with a malicious contract that required calling the approve() function.




Block Data Reference

Scammer address: https://etherscan.io/address/0xb73261481064f717a63e6f295d917c28385af9aa

Contract creator address: https://etherscan.io/address/0x47832f5505847b6e1cce802201c55ad885146fc6

Malicious contract address: https://etherscan.io/address/0x65a8ec2c367a2d60efc1944c6eab614d73453b2f

Transferring 16.5 $WBTC from "victim" to scammer address transaction:
https://etherscan.io/tx/0xd09057f1fdb3fa97d0ed7e8ebd8fd31dd9a0b5b61a29a22b46985d6217510850

Audit (1)

#NameAuditorDateChainsIssues
1Ribbon Finance AuditOpenZeppelin2021/09/09
Off-Chain (Private)
No active critical issues