BlockBeats report: On May 27, according to PeckShield monitoring, an anomaly occurred in contracts related to StakeDAO on Arbitrum, resulting in the minting of 5.4 trillion vsdCRV tokens. The security team has classified this as a suspected infinite minting exploit. The attacker has exchanged a portion of the vsdCRV for approximately 43.781 ETH (around $91,000) and transferred it to Ethereum via a cross-chain bridge.
StakeDAO contract on Arbitrum hit by infinite minting vulnerability; $91K stolen
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Summary
A recent on-chain news alert reveals a security incident involving StakeDAO on Arbitrum, where attackers exploited an infinite minting vulnerability to generate 54 billion vsdCRV tokens. The security team detected the exploit, noting that the attackers converted a portion of the tokens into 43.781 ETH. The stolen funds, valued at approximately $91,000, were transferred to Ethereum via a cross-chain bridge. The on-chain alert underscores the ongoing risks inherent in DeFi protocols.
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