highGovernance attackEVM-Solidity
BendDAO: Bad debt is never handled which places insolvency risks on BendDAO
- Payout
- $0
- Protocol
- BendDAO
- Disclosed
- Sep 3, 2024
- Source
- code4rena
BendDAO's current lending architecture lacks a formal mechanism for managing bad debt, creating significant solvency risk during market crashes. When the value of collateral falls below the borrowed debt, the protocol's liquidation logic fails to clear the out …
Similar reports
- No close matches yet.
References
- https://github.com/code-423n4/2024-07-benddao-findings/issues/23
- https://github.com/code-423n4/2024-07-benddao-findings
This report is already public and closed. Coin Buggie never publishes active or unpatched vulnerability data.