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CertiK: There are two vulnerabilities in the lending contract 0x9700

CertiK: There are two vulnerabilities in the lending contract 0x9700

CointimeCointime2024/02/26 06:13
By:Cointime

CertiK Alert issued a warning on the X platform, stating that the alert system detected two vulnerabilities in the lending contract 0x9700. Attackers first use flash loans to raise the price of tokens, then use manipulated tokens as collateral to borrow ETH from the victim's lending pool. The remaining tokens are exchanged for WETH and repaid to the flash loan provider. EOA 0xb038 earned 17.6 ETH in two such attacks and left the victim's lending pool with an insolvent account.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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