SharkTeam: Analysis of the principle of MIM_SPELL attack
On January 30, 2024, MIM_SPELL suffered a flash loan attack. Due to a precision calculation vulnerability, the project lost $6.5 million.
JinseFinanceOn January 30, 2024, MIM_SPELL suffered a flash loan attack. Due to a precision calculation vulnerability, the project lost $6.5 million.
JinseFinanceThe main reason for this incident is that the attacker used the project contract to use the rounding-up algorithm and controlled the parameter to 1 to maximize the rounding-up error, thus causing the ledger to be unbalanced.
JinseFinanceThe removal of its iOS and Chrome Extension wallets from the market is scheduled for November 1, 2023, although customers will still be able to access their wallets until October 1.
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