Bent Finance (BENT)

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Basics

History

Audits & Exploits

Bugs/Exploits

Over the past few weeks, one address has been bending the rules of the protocol, extracting ~$1.75M before things were straightened out. When the news broke, and the price of $BENT buckled, the team issued a luke-warm warning informing users that rewards had been paused, but no funds had been lost. However, when PeckShield claimed to have identified the exploit as coming from within…The team was forced to release an update, which could be read as accusations of an inside job.

Bent Finance cvxCRV contract was updated on Nov. 30, manually adjusting the balance of the exploiter’s address. This assigned the exploiter enormous amounts of rewards, far exceeding the TVL of Bent Finance itself. Despite the exploit being live for almost three weeks, the problem only became clear with Bent Finance’s recent listing on DeBank, when the exploiter’s wallet profile showed the billions of dollars-worth of pending rewards on the platform.

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