Sovryn Hack

TOTAL LOST $1.1M
Medium Flash Loan Attacks rsk

What happened

Sovryn Protocol's RBTC and USDT lending pools have been exploited by price manipulation. The attacker profited for 1,078,000 $USDT worth of assets as $RBTC and $USDT.

Sovryn is the protocol that provides trading and lending opportunities on the Layer 2 Bitcoin-based RSK chain. The protocol's $RBTC and $USDT lending pools were exploited and the attacker took away 44,93 $RBTC and 211,045 $USDT. The attacker exploited price calculation logic to withdraw more $RBTC than usual.

Devs managed to recover roughly half of the stolen assets through a combined effort at the moment.

Attacker address:

https://explorer.rsk.co/address/0xc92ebecd…97531a

Malicious contract:

https://blockscout.com/rsk/mainnet/address/0xA893cdcb…96b0A6

Malicious transaction example:

https://explorer.rsk.co/tx/0xf5ea6266…1582e2

Case & protocol details

Classification Protocol Logic / Borrowing and Lending,Exchange (DEX) / Reentrancy
Protocol Type Exploit/Other
Affected asset / contract SOV
Smart Contract Language Solidity
Official Website live.sovryn.app/
Protocol Twitter/X @SovrynBTC

Funds Recovery

49.0%

Recovered

$539K

Net Loss

$561,000

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