Arbix Finance Hack

TOTAL LOST $10.0M
High Drained Contracts bsc

What happened

Quick Summary

Arbitrum (ARBX) contract exploited due to onlyOwner function, leading to the minting and dumping of 10M ARBX tokens.

Details of the Exploit

The ARBX contract contained a mint() function with onlyOwner, which was exploited to mint 10M ARBX tokens to 8 different addresses. Approximately 4.5M ARBX were minted in a single transaction and subsequently dumped by the recipient. The users' assets were drained from several pools, with the stolen funds being bridged to Ethereum.

Block Data Reference

The addresses involved in the exploit:

https://bscscan.com/address/0x4714a26e…61a2c4

https://bscscan.com/address/0x161262d1…2c183d

The transaction of 4.5M ARBX minting:

https://bscscan.com/tx/0x4707d30a…c3db6f

The transaction of asset draining:

https://bscscan.com/tx/0xfbba507c…f825b9

The Ethereum address where stolen funds were bridged:

https://etherscan.io/address/0xdc85c1eb…5a7a9f

Case & protocol details

Classification Rugpull / Yield Aggregator
Protocol Type Exit Scam/Rugpull
Affected asset / contract ARBX
Smart Contract Language Solidity
Official Website www.arbix.finance/
Protocol Twitter/X @ArbixFinance

Evidence & learning

Sources and on-chain records

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Other incidents recorded with the same attack technique.

AnubisDAO $60.0M
Meerkat Finance $32.0M
Compounder Finance $12.5M

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