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Security incident · 2022-03-15

Hundred Finance

According to the public DefiLlama incident dataset, Hundred Finance (Gnosis Chain) suffered a security incident on 2022-03-15, with about $6.2M reported lost.

Date2022-03-15
Reported loss$6.2M
ChainGnosis Chain
Target typeDeFi Protocol
Technique classReentrancy
TechniqueReentrancy
Bridge incidentNo
Within 2022#42 by loss that year, 0.2% of all reported losses that year

How this kind of attack works

The contract sent funds before updating balances, and the attacker re-entered during the transfer to withdraw repeatedly.

Would a pre-payment check have helped

Needs other controls

Reentrancy is a classic contract bug, unrelated to the counterparty; code audits address it.

Other incidents with the same technique

Sources

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