Ovix Hack

TOTAL LOST $2.0M
Medium Flash Loan Attacks

What happened

On April 28th, the 0VIX pool was exploited through a flash loan attack pattern resulting in losses worth approximately 2 million USD in USDC and USDT tokens.

Flash loan was taken from the aave and balancer pool.

All tokens were swapped to the USDC and 24,500,000 USDC was deposited to the 0VIX USD Coin pool. After that exploiter received 1,202,903,338 oUSDC which was used as collateral for taking vGHST.

vGHST balances were manipulated between ovGHST pool, oUSDC

and exploiter contacts 0x49c6dd83…af095c, 0x407feaec…7d7d57.

Exploiter profit:

1,453,546.066478($1,453,123.08) USD Coin

584,444.536038 ($584,444.54) Tether

Involved Gotchi Vault GHST (vGHST)

https://polygonscan.com/address/0x51195e21…aeca6c

Exploiter contracts:

https://polygonscan.com/address/0x49c6dd83…af095c#code

https://polygonscan.com/address/0x407feaec…7d7d57#code

Exploit TX:

https://polygonscan.com/tx/0x10f2c28f…5bb008

Case & protocol details

Classification Borrowing and Lending
Protocol Type Exploit/Flash Loan Attack
Official Website www.0vix.com/
Protocol Twitter/X @0vixProtocol

Evidence & learning

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