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Zokyo releases Velocore security incident report: Constant product pool loses approximately $6.8 million worth of ETH

Zokyo releases Velocore security incident report: Constant product pool loses approximately $6.8 million worth of ETH

CointimeCointime2024/07/04 13:13
By:Cointime

Zokyo, a blockchain security company, released a post-attack analysis report regarding the previous hacking incident. The report revealed that the Constant Product Pools suffered a loss of approximately $6.8 million in ETH, while the USDC-ETH-VLP treasury net loss was 155 ETH and over 500,000 USDC. Velocore stated that based on the exploitation contract and the steps taken to recover from the attack, the exploitation of this vulnerability requires a determined attacker with a considerable level of accuracy to obtain the final value passed to Velocore's operation.Moreover, the exploitation of the vulnerability must also be executed through an algorithm to create meaningful values for other depleted pools. This level of vulnerability exploitation requires a lot of security research and strict testing under various market conditions, which should be carried out by technical personnel with extensive experience in the field.

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