WatchPug

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An economic attack rooted in the design of WUSD

The Exploit


The Exploit

How?

  1. Borrowed 24M DAI and 54M MATIC of flash loans from Aave.
  2. Created 25M DAIMATIC LP.


The Exploit

How?

  1. Borrowed 1.6M CAKE ($21.8M) of flash loan from PancakeSwap.
  2. Added 509K CAKE of deposit to the CAKE…


Those who cannot learn from history are doomed to repeat it.

The Exploit


How does Impossible Finance make the impossible possible?

The Exploit

2 swaps at about the same price, which is usually “impossible”


The Exploit

A lot of tokens get minted


Fool me once, shame on you. Fool me twice, shame on me. Fool me three times, shame on both of us.

The Exploit


A copycat hack targeted at a copycat platform

The Exploit


The Exploit

WatchPug

Pug against Rug

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