POPA Recon- Grego AI discovered a critical finding on the @reserveprotocol BackingManager contract that allowed any attacker to permanently freeze an…
- Grego AI discovered a critical finding on the @reserveprotocol BackingManager contract that allowed any attacker to permanently freeze an entire rebalancing auction - link - Stock tokenization platform @edeldotfinance Hacked for $400K Rootcause: The attacker used a flash loan to repeatedly manipulate the supply and borrow actions, altering the xStocks exchange rate between wGOOGLx and GOOGLx, thereby inflating the value of wGOOGLx collateral. The attacker then borrowed additional assets from the protocol. the flash loan was repaid, and the attacker profited approximately $305,000. Attacker…
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