highGovernance attackEVM-Solidity
Ethereum Credit Guild: The creation of bad debt (`mark-down` of Credit) can force other loans in auction to also create bad debt
- Payout
- $0
- Protocol
- Ethereum Credit Guild
- Disclosed
- Feb 22, 2024
- Source
- code4rena
In Ethereum Credit Guild, the creation of bad debt reduces the global credit multiplier to account for system inflation. When an auction is started for a defaulted loan, its total debt is snapshot stored as callDebt. If a credit markdown occurs during an activ …
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References
- https://github.com/code-423n4/2023-12-ethereumcreditguild-findings/issues/476
- https://github.com/code-423n4/2023-12-ethereumcreditguild-findings
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