What happened
After the Saddle Finance official launch, some pools were arbitraged for millions within hours of launch.
Example of transactions:
https://etherscan.io/tx/0x299ff1ac…33de46
https://etherscan.io/tx/0x3c351cea…63138a
Saddle Finance response:
"Some of the early transactions were executed with high slippage. From our initial investigation the smart contracts are functioning as expected, but individuals may not have yielded to warnings of high slippage when using the deposit form and subsequently reviewing their deposits."
Case & protocol details
Classification
Exchange (DEX)
Protocol Type
DEX
Affected asset / contract
SDL
Official Website
saddle.finance/
Protocol Twitter/X
@saddlefinance
Evidence & learning
Sources and on-chain records
- report Post-mortem medium.com
- report Report twitter.com
- report Post-mortem rekt.news
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