DeFi protocol tender_fi has given the white hat hacker that extracted $1.6 million a 62.15 ether bug bounty. Reporting by oknightcrypto.
The attack occurred after Tender.fi upgraded its price feed to relay data from a Chainlink pricing oracle as opposed to a time-weighted average price . The code, which was audited by PeckShield, contained an error and returned a number with too many zeros behind it.
This meant the attacker was able to deposit one GMX token, worth around $70, effectively tricking the system into allowing infinite borrows, according to a postmortem published on Tender.fi'sAfter extracting $1.6 million from the protocol, the hacker left an on-chain message:"It looks like your oracle was misconfigured. Contact me to sort this out."The protocol plans to deploy a new rewritten oracle contract before unpausing borrowing.
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