Security incident · 2020-09-20
Soda Protocol
According to the public DefiLlama incident dataset, Soda Protocol (Ethereum) suffered a security incident on 2020-09-20, with about $160K reported lost.
| Date | 2020-09-20 |
|---|---|
| Reported loss | $160K |
| Chain | Ethereum |
| Target type | DeFi Protocol |
| Technique class | Protocol Logic |
| Technique | Withdrawal Logic Flaw |
| Bridge incident | No |
| Within 2020 | #39 by loss that year, 0.0% of all reported losses that year |
How this kind of attack works
The protocol's own rules had a flaw, for example in how rewards, liquidations or swaps were calculated, and the attacker followed those rules to drain funds.
Would a pre-payment check have helped
Protocol logic flaws call for audits and formal verification.
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