FlashLoopAdapter Exploit Drains $305K From Aave Linked Safe Wallets
19 Articles
19 Articles
A flaw in FlashLoopAdapter allowed the flight of $305,000 in ETH on Ethereum. Aave confirms that its core contracts remain secure.
FlashLoopAdapter exploit drains $305K from Aave linked Safe wallets
A custom FlashLoopAdapter used to manage leveraged Aave v3 positions has been exploited on Ethereum, leaving two Safe wallets with losses estimated at $305,000 after an attacker bypassed the module’s access controls. Blockchain security firm SlowMist said the attacker exploited…
Aave Founder Says v3 Unaffected by $305,000 Third-Party Adapter Exploit
Aave founder Stani Kulechov said the lending protocol’s core v3 contracts were unaffected after an attacker exploited a third-party adapter used by two Safe multisig wallets, ultimately taking about 114.09 Ether worth roughly $305,000. “This is not Aave v3 contract, it’s third party external adapter built on top of Aave, zero effect on Aave v3,” Kulechov said on X. Blockchain security firm SlowMist traced the incident to FlashLoopAdapter, a modu…
Aave v3 Unaffected by $305K Safe Exploit
Aave founder Stani Kulechov said on October 2 that Aave v3 was unaffected by an exploit that drained roughly $305,000 from two Safe multisig wallets through a third-party adapter. Kulechov stressed that the compromised contract was external to Aave, with the incident having “zero effect” on Aave v3 itself. This is not Aave v3 contract, ...
Two Safe wallets lost about $305,000 after the operation of FlashLoopAdapter, an external integration for leveraged positions in Aave V3. Aave’s founding team claimed that their main contracts were not affected; the incident focused on permits and authentication checks for wallet modules.
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