Bancor Network Hack 2020

2020-06-18 1inch Network

https://blog.1inch.io/bancor-network-hack-2020/

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A critical bug in three newly deployed Bancor Network smart contracts caused direct-swap users to grant infinite ERC-20 approvals to a vulnerable contract, allowing approved tokens to be withdrawn from their wallets. Bancor and suspected white hats began moving funds to protect users, but two automated front-runners also joined and successfully front-ran some rescue transactions. The source attributes 62 withdrawal transactions and about $409,656 to the Bancor rescue activity, 16 transactions and $131,889.34 to one front-runner, and four transactions worth $3,340 to another. In total, user wallets were drained for about $545,423, leaving users at risk until they revoked the vulnerable approvals.

Indicators of Compromise

Type Value First Seen Last Seen
EMAIL 0x9799b475dec92bd99bbdd94301332… 2020-06-18 2020-06-18
EMAIL [email protected] 2020-06-18 2020-06-18
URL https://approved.zone 2020-06-18 2020-06-18
DOMAIN approved.zone 2020-06-18 2020-06-18

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