Sovryn Hack
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
Funds Recovery
Recovered
$539K
Net Loss
$561,000
Evidence & learning
Attack pattern
Compare incidents →Sources and on-chain records
- report Report halborn.com
- analysis Website reference sovryn.app
- analysis Website reference twitter.com
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