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Security incident · 2021-06-20

Polydex

According to the public DefiLlama incident dataset, Polydex (Polygon) suffered a security incident on 2021-06-20, with about $500K reported lost.

Date2021-06-20
Reported loss$500K
ChainPolygon
Target typeDeFi Protocol
Technique classReentrancy
TechniqueReentrancy
Bridge incidentNo
Within 2021#99 by loss that year, 0.0% 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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