Eleven Finance

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"Eleven Finance returned all of the $4.5M stolen after an attacker reached out with an assistance from Peckshield."

"Exploited for a total of $4.5M. The attacker first took a Flashloan of each asset’s underlying token balance in the “MasterMind” contract (Binance-pegged BTC, ETH and USDT) to convert these into nrvBTC, nrvETH and nrvFUSDT respectively. Nerve 3Pool and PancakeSwap BUSD - NRV liquidity provider positions were also affected. A vulnerable function emergencyBurn() in the intermediate vault contract allowed the attacker to withdraw the deposited balance without having the withdrawal being accounted for internally. As a result the attacker was able to not only remove his own deposit but the full balance of the same amount that had been in the vault before as well. The attacker used the Nerve bridge to transfer out 2,293 ETH in proceeds to the address 0xdb2d590aCe7cAe51DF1fB3312738038Ec032Bf33. Peckshield blamed this on a “dumb logic issue”; a shockingly simple way to lose over four million dollars."

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