What happened
Quick Summary
Uwerx, a freelancing platform running on the Ethereum chain, was exploited on Aug 2, 2023, losing 174.78 ETH worth 324,254 USD.
Details of the Exploit
The attacker targeted Uwerx via a Flashloan Attack and specifically exploited the protocol's skim and sync functions. These actions allowed the attacker to receive WERX tokens and drain funds from the UniSwap pool. The stolen funds were then swapped for native ETH and currently remain at the attacker's original address.
Block Data Reference
Attacker Address:
https://etherscan.io/address/0x6057A831…B1fCe4
Malicious Transaction: https://etherscan.io/tx/0x3b19e152…5b5af8
Case & protocol details
Classification
Ecosystem / Other / Oracle Manipulation
Protocol Type
Exploit/Flash Loan Attack
Affected asset / contract
WERX
Official Website
www.uwerx.network/
Protocol Twitter/X
@uwerx_network
Evidence & learning
Proof of concept
1 available- Code Uwerx Fault logic
Sources and on-chain records
- transaction Transaction etherscan.io
- analysis Twitter/X Alert twitter.com
- analysis Twitter/X Alert twitter.com
- analysis Website reference twitter.com
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