Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
SlowMist: The core problem of the hacker attack on the Usual protocol originated from the Usual Vault system

SlowMist: The core problem of the hacker attack on the Usual protocol originated from the Usual Vault system

Cointime2025/05/28 08:24
By: Cointime
USUAL-0.28%

 according to SlowMist monitoring, the Usual protocol encountered a complex arbitrage attack. Analysis shows that the attackers exploited the price differences between the internal mechanism of the protocol and the external market.

The core issue lies in the Usual Vault system, which allows the exchange of USD0++ and USD0 tokens at a fixed 1:1 ratio, however, these same tokens are traded at different prices on external decentralized exchanges. The attackers cleverly created a custom liquidity pool and manipulated the trading path, causing the Vault to release USD0 tokens without receiving the expected sUSDS collateral. Subsequently, the attackers sold the acquired USD0 tokens at a price higher than the internal exchange rate on the external market, thus gaining arbitrage profits.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — ENSO/USDT!
Bitget Announcement2025/10/15 10:00

Trending news

More
1
[Initial Listing] Bitget Will List ZEROBASE (ZBT). Come and grab a share of 1,750,000 ZBT
2
New spot margin trading pair — ENSO/USDT!

Crypto prices

More
Bitcoin
Bitcoin
BTC
$112,557.25
+1.19%
Ethereum
Ethereum
ETH
$4,149.51
+4.26%
Tether USDt
Tether USDt
USDT
$1
-0.05%
BNB
BNB
BNB
$1,189.07
-0.48%
XRP
XRP
XRP
$2.5
+1.74%
Solana
Solana
SOL
$205.65
+5.77%
USDC
USDC
USDC
$1
-0.00%
Dogecoin
Dogecoin
DOGE
$0.2037
+2.51%
TRON
TRON
TRX
$0.3207
+2.99%
Cardano
Cardano
ADA
$0.6987
+3.12%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter