Lodestar Finance Incident Analysis
ID: 8de08755-987a-50d2-8eaa-72e81378070d
STIX ID: report--8de08755-987a-50d2-8eaa-72e81378070d
Feed Name: CertiK Blog
Threat Score
On 10 December 2022 Lodestar Finance was exploited via manipulation of the GLPOracle: an attacker used multiple large flash loans and repeated borrow/lend actions to inflate the plsGLP exchange rate (through the donate function), borrow against overvalued collateral, drain the protocol of assets, and bridge approximately $6.5M in proceeds to Ethereum; the root cause is a manipulable oracle price calculation and the incident mirrors prior DeFi oracle/flash-loan exploits.
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