CertiK: The Rebalancer contract on the Base chain was attacked by a reentrancy attack, resulting in a loss of more than $500,000

Bitget App

Trade smarter

Cointime2024/12/10 11:11

By:Cointime

On December 10th, CertiK's alarm system detected a vulnerability exploit attack on the Rebalancer contract on the Base chain. The attacker profited 133.7 ETH, equivalent to approximately $501,000 USD, through a reentrancy vulnerability. Analysis shows that the root cause of the vulnerability is that the open() function of the contract allows for the input of any pool.strategy contract address. The attacker exploited this feature to input the attack contract and, when calling the burn function, performed a reentrancy operation, thereby obtaining an additional 50% of ETH.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Explore Qubetics, Arbitrum, and Immutable X, the top crypto to buy in 2025. Dive into their unique features, presale updates, and blockchain impact.Qubetics: Leading the Charge in Blockchain InteroperabilityArbitrum Enhances Blockchain Privacy with New Web AppImmutable X Partners with Ubisoft to Launch New Blockchain GameInteroperability in Blockchain: The Future is ConnectedConclusionFor More Information:

Coinomedia•2025/05/01 08:33

Qubetics Presale Hits $16.5M – Top Crypto to Buy Now as Arbitrum and Immutable X Make Waves

Open Project proposes tokenized securities on Solana blockchain with support from Superstate and Orca

Portalcripto•2025/05/01 07:11

UK Government Releases Comprehensive Draft Legislation to Support Industry and Curb Fraud

The UK government has unveiled a 27-page draft legislation aimed at bringing cryptocurrency activities under formal financial regulation for the first time. This move seeks to foster innovation while protecting consumers by extending existing financial rules to digital assets like stablecoins, crypto exchanges, and custodial services.

DeFi Planet•2025/05/01 06:44