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Security incident · 2021-08-10

Punk Protocol

According to the public DefiLlama incident dataset, Punk Protocol (Ethereum) suffered a security incident on 2021-08-10, with about $8.9M reported lost.

Date2021-08-10
Reported loss$8.9M
ChainEthereum
Target typeDeFi Protocol
Technique classAccess Control
TechniqueDelegatecall Hijack
Bridge incidentNo
Within 2021#40 by loss that year, 0.3% 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

Needs other controls

Broken contract permissions are a code-audit matter that pre-payment screening cannot see.

Other incidents with the same technique

Sources

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