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Hack history / 2020 / Hack or exploit

Origin Protocol

Hack or exploit on Nov 17, 2020 · Reentrancy

SOURCES AGREE ON DATE AND LOSS · 3 SOURCES
Lost
$7.7M
sources: $7M to $7.7M
Returned
none listed
as the sources state it
Rank
#359
among thefts by dollars lost

What happened

On 2020-11-17 at 00:47:19 UTC an attacker exploited a flash-loan-funded reentrancy in OUSD VaultCore's mint function to inflate totalSupply. The contract failed to validate the transferred-in asset and lacked reentrancy protection, allowing the attacker to redeem against the inflated supply and drain the vault.

Details

Date
Nov 17, 2020
Kind
Hack or exploit
Method
Reentrancy
How in
Smart contract bug
Target
DeFi protocol
Chains
Ethereum
Audit (rekt.news)
unaudited

Reported by

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Cite this pageSwanBluechip, "Origin Protocol hack, Nov 17, 2020: $7.7M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht2b1562e173/ (data as of 2026-11-01).
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