Axion Network Hack

TOTAL LOST $1.1M
Medium Other

What happened

The exploiter:

https://etherscan.io/address/0x8b1deff8…bdbb5b

The transaction behind the exploit:

https://etherscan.io/tx/0xc2a4a113…d089b4

The exploiter:

- funded himself through Tornado Cash mixer

https://etherscan.io/tx/0x86f5bd90…d9f563

- purchased around ~700k HEX2T tokens from the Uniswap exchange

https://etherscan.io/tx/0x6b34b75a…ab4d14

- created an “empty” stake on the Staking contract of the Axion Network by invoking the stake function with a 0 amount and 1-day stake duration:

https://etherscan.io/tx/0x5e5e09cb…70e878

- invoked the deposit function of the NativeSwap contract

https://etherscan.io/tx/0xf2f74137…fbf875

- managed to mint around ~80 billion AXN tokens by utilizing the unstake function of the Axion Staking contract

https://etherscan.io/tx/0xc2a4a113…d089b4

- sold tokens on the Uniswap

https://etherscan.io/tx/0x5e05ea9a…d714ca

- distributed stolen funds between external addresses

https://etherscan.io/tx/0xa2534bb9…b23956

https://etherscan.io/tx/0x98cd2e73…3d0143

https://etherscan.io/tx/0x8a65af76…b0215e

https://etherscan.io/tx/0xc6fa8993…cc1f50

- deposited funds into Tornado Cash mixer:

https://bloxy.info/txs/calls_from/0x8b1deff8…bdbb5b?signature_id=994162&smart_contract_address_bin=0x905b63ff…ec7601

- repeated several times.

Case & protocol details

Classification Other
Protocol Type Exploit/Other
Affected asset / contract AXN
Official Website axion.network/
Protocol Twitter/X @axion_network

Evidence & learning

Sources and on-chain records

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