LND Hack

TOTAL LOST $1.3M
Medium hyperliquid l1 sonic

Summarize with AI

Affected Chain hyperliquid l1 2 chains affected
Recovered - No recovery reported
All-Time Rank #771 By amount stolen
Auditors 1 Prior security audit

Incident Overview

LNDfi is a modular, interconnected, non-custodial money market platform. Designed to enhance capital efficiency and broaden liquidity access across diverse assets, it provides a flexible framework that enables market participants to manage risk effectively while streamlining borrowing and lending. Built for a multichain ecosystem, LND seamlessly integrates across multiple networks, maximizing interoperability and expanding access to liquidity

Incident Report

Protocol / Project LND
Date of Incident
Affected Chain(s) hyperliquid l1 sonic
Classification Protocol Logic
Primary Source View Post-Mortem

Protocol Information

Protocol Type Lending
Official Website lenda.finance/
Protocol Twitter/X @Lnd_fi

Market Context at Time of Hack

Token Price at Hack $0.0523
Market Cap at Hack $1.9M
% of Market Cap Stolen 70.12%
Token Categories
BNB Chain Ecosystem

What the Attacker Needed to Succeed

Understanding the prerequisites for this type of attack helps auditors identify protocols that are most at risk and helps developers build better defenses.

Technical Knowledge Deep understanding of DeFi protocol mechanics and Solidity and EVM internals
Capital Required Seed capital to cover gas and initial position setup
On-Chain Access Ability to interact with hyperliquid l1, sonic smart contracts and deploy a custom exploit contract
Protocol Analysis Identification of the exploitable vulnerability in LND's contract logic - root cause: protocol logic
Execution Speed Precise transaction ordering and timing to exploit the vulnerability within a single atomic block
Obfuscation Plan A strategy to launder and move stolen funds - typically through mixers, cross-chain bridges, or decentralized DEX swaps to resist tracing

What Auditors Should Check

Audited by Audit Report 1 — still lost $1.3M. Prior audits don't guarantee safety, especially after post-audit code changes.

If you're auditing a protocol with similar architecture to LND, these are the critical security checks that could have prevented this incident (May 2025).

  • Review privileged functions (owner, admin, governance) for potential abuse vectors - centralization risks should be documented and bounded with timelocks or multi-sigs

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Security Audit History

Sources & References

Learn to Prevent the Next LND

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