Infinite Minting Exploit Nets Attacker $4.4M
As DeFi protocols continue to heat up within the Ethereum ecosystem, CipherTrace is seeing more and more exploits and attack vectors come to light. This past week, on December 28th, 2020, Cover Protocol’s shield mining contract, Blacksmith, was exploited. Hackers used a bug in the mining contract to mint an infinite amount of COVER tokens and drain more than $4.4 million from the project. Cover Protocol released their Post-Mortem yesterday stating that, unknown to Devs, the bug had been present since the initial deployment of the Blacksmith contract, highlighting the