Zenon Network Hack

TOTAL LOST $1.2M
Medium Other

What happened

The attacker's address:

https://bscscan.com/address/0x53d4307d…9c18fd

The transaction behind the attack:

https://bscscan.com/tx/0xc14ae484…5727fc

The Zenon Network hack was made possible by an unprotected burn function within the smart contract. Zenon Network left external access to the burn() function:

https://twitter.com/peckshield/status/1462165620506742784

The attacker deposited tokens in the protocol’s pool for wrapped ZNN (wZNN) tokens and then called the burn function to destroy over 26k wZNN tokens. This decreased the supply of wZNN tokens, increasing their value dramatically.  As a result, when the attacker redeemed his wZNN tokens, the pool believed that he was owed a massive number of WBNB tokens, enabling him to drain the pool. Stolen funds were deposited into the Tornado Cash mixer.

Case & protocol details

Classification Other
Protocol Type Exploit/Other
Affected asset / contract wZNN
Official Website zenon.network/
Protocol Twitter/X @Zenon_Network

Evidence & learning

Sources and on-chain records

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