Source: EtherscanHow zkLend was exploited for $9.6 million zkLend suffered an empty market exploit on Feb.11 when an attacker used a small deposit and flash loans to inflate the lending accumulator, according to the protocol’s Feb.14 post-mortem. The hacker then repeatedly deposited and withdrew funds, exploiting rounding errors that became significant due to the inflated accumulator. The attacker bridged the stolen funds to Ethereum and later failed to launder them through Railgun after protocol policies returned them to the original address. Following the exploit, zkLend proposed the hacker could keep 10% of the funds as a bounty and offered to release the culprit from legal liability and scrutiny from law enforcement if the remaining Ether was returned.
In a message sent to zkLend through Etherscan on March 31, the hacker claimed to have lost 2,930 Ether (ETH) from the stolen funds to a phishing website posing as a front-end for Tornado Cash. In a series of March 31 transfers, the zkLend thief sent 100 Ether at a time to an address named Tornado.
The hacker behind the $9.6 million exploit of the decentralized money-lending protocol zkLend in February claims they’ve just fallen victim to a phishing website impersonating Tornado Cash, resulting in the loss of a significant portion of the stolen funds.
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Author / Journalist: Cointelegraph by Stephen Katte
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