mediumFlash loan attackEVM-Solidity
Spectra: All yield generated in the IBT vault can be drained by performing a vault deflation attack using the flash loan functionality of the Principal Token contract
- Payout
- $0
- Protocol
- Spectra
- Disclosed
- Apr 5, 2024
- Source
- code4rena
The PrincipalToken contract in the Spectra protocol is vulnerable to a vault deflation attack via its flash loan functionality. Because the protocol can hold a large percentage of an underlying IBT (ERC4626) vault's supply, an attacker can use a flash loan to …
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References
- https://github.com/code-423n4/2024-02-spectra-findings/issues/111
- https://github.com/code-423n4/2024-02-spectra-findings
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