Security incident · 2025-01-12
Unilend V2
According to the public DefiLlama incident dataset, Unilend V2 (Ethereum) suffered a security incident on 2025-01-12, with about $198K reported lost.
| Date | 2025-01-12 |
|---|---|
| Reported loss | $198K |
| Chain | Ethereum |
| Target type | DeFi Protocol |
| Technique class | Protocol Logic |
| Technique | Redeem Logic Flaw |
| Bridge incident | No |
| Within 2025 | #109 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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- Popsicle Finance2021-08-03 · $20.7M
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- Abracadabra Spell2025-03-25 · $13.0M
- Saddle Finance2022-04-30 · $11.0M