Security incident · 2023-06-19
Ara Finance
According to the public DefiLlama incident dataset, Ara Finance (BSC) suffered a security incident on 2023-06-19, with about $125K reported lost.
| Date | 2023-06-19 |
|---|---|
| Reported loss | $125K |
| Chain | BSC |
| Target type | DeFi Protocol |
| Technique class | Access Control |
| Technique | Token Approval Abuse |
| Bridge incident | No |
| Within 2023 | #155 by loss that year, 0.0% of all reported losses that year |
How this kind of attack works
A contract function meant for administrators was not locked down, and the attacker called it directly to move funds.
Would a pre-payment check have helped
Broken contract permissions are a code-audit matter that pre-payment screening cannot see.
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- Drift Trade2026-04-01 · $295.0M
- BitGrail2018-02-12 · $170.0M
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- Mirror2021-10-08 · $90.0M
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