Incident Overview
During the Luna Yield IDO event on SolPAD platform, funds were stolen from Luna Yield's address with a loss amounting to around $6.7M in different tokens including SOL, ETH, USDT, and YFI.
After the fundraising event for Luna Yield on SolPAD, the Luna Yield's website was taken down. The funds were stored at an address and were stolen. The stolen Wrapped Ether was distributed between different wallets.
Solpad Finance has announced that they have refunded 60% of the stolen funds to the investors.
Luna Yield's address:
https://solscan.io/account/EiySftqENv…9SXap7
Distribution of the stolen Wrapped Ether:
https://solscan.io/account/EiySftqENv…9SXap7#splTokenTxs
Incident Report
Protocol Information
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.
What Auditors Should Check
If you're auditing a protocol with similar architecture to Luna Yield, these are the critical security checks that could have prevented this incident (August 2021).
- Verify all logic paths related to Rugpull are guarded by proper access controls and input validation
- Review privileged functions (owner, admin, governance) for potential abuse vectors - centralization risks should be documented and bounded with timelocks or multi-sigs
Master these auditing techniques with hands-on labs and real exploit scenarios in the Smart Contract Hacking course.
Free TrialFunds Recovery
Recovered
$4.0M
Net Loss
2683933
Sources & References
Learn to Prevent the Next Luna Yield
The Luna Yield hack is one of many attacks that skilled auditors are trained to detect before deployment. Master real exploit patterns and defense techniques with hands-on Web3 security training.