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Aave “peripheral” smart contract hacked for $56,000

Popular defi lending platform Aave suffered a smart contract exploit that allowed an attacker to steal around $56,000. A smart contract outside of the Aave core protocol, which is used to allow people to use existing collateral to repay their loans, has gradually built up a balance of tokens left over from the skid. These small amounts of remaining tokens are sometimes called “dust”. In total, these tokens amounted to about $70,000 across multiple blockchain networks.

An exploiter was able to take advantage of an arbitrary call bug that allowed them to steal funds from these various contracts, amounting to approximately $56,000. Various people associated with Aave emphasized that there was no risk to user funds or flaws in the core Aave protocol, and one described the hack as “raiding the tip jar.”

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