YEED Hack
Incident Overview
YEED Token was dumped due to the exploit with a profit of about 1M+ $USD.
The hacker has performed transfers to three trading pairs, namely ZEED, HOR, and USDT via YEED. This process has been repeated multiple times. The ZEED tokens are directly added or subtracted from the balance of the trading pair, which creates a vulnerability that the hacker exploits.
This vulnerability allows the hacker to increase the balance and receive excess rewards from the pair. The attack leverages the ZEED contract's direct calculation of the balance using the rewardFee but not using the separate calculation of zedreward, horward, usdtreward. This vulnerability is used to generate profits for the hacker.
The total amount of funds stolen is estimated at $1,043,070. The hacker has not yet transferred out the funds, as the contract has already self-destructed.
Exploit TXs:
https://bscscan.com/tx/0x05074762…3fa83a
Exploiter address:
https://bscscan.com/address/0xec14207d…6e0fb0
Attacker contract:
https://bscscan.com/address/0x05e55d05…103374
Incident Report
Protocol Information
Market Context at Time of Hack
What the Attacker Needed to Succeed
Understanding the prerequisites for this type of attack helps auditors identify protocols that are most at risk and helps developers build better defenses.
What Auditors Should Check
If you're auditing a protocol with similar architecture to YEED, these are the critical security checks that could have prevented this incident (April 2022).
- Verify all logic paths related to Other are guarded by proper access controls and input validation
- Review privileged functions (owner, admin, governance) for potential abuse vectors - centralization risks should be documented and bounded with timelocks or multi-sigs
Master these auditing techniques with hands-on labs and real exploit scenarios in the Smart Contract Hacking course.
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