Palmswap Incident Analysis
ID: 086e35d9-77e1-5841-94c2-a07d96c7b63d
STIX ID: report--086e35d9-77e1-5841-94c2-a07d96c7b63d
Feed Name: CertiK Blog
Threat Score
On 24 July 2023 Palmswap suffered a flash-loan exploit that leveraged an incorrect USDP calculation in the PlpManager contract, enabling an attacker to extract approximately $901k through a series of flash-loaned USDT swaps, LP staking and liquidity removals; the report details the transaction flow, involved wallet and contract addresses, and states that Palmswap engaged the holder and that the funds were subsequently returned following negotiations.
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