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Hack history / 2021 / Hack or exploit

Gelato Network

Hack or exploit on Dec 11, 2021 · Contract Vulnerability

ONE SOURCE · 1 SOURCE
Lost
$744K
dollars at the time
Returned
none listed
as the sources state it
Rank
#1,020
among thefts by dollars lost

What happened

Smart contract automation tool Gelato Network tweeted: "We have been alerted to a critical vulnerability in Sorbet Finance's G-UNI router contract. This vulnerability only affects users interacting with the Sorbet UI." Gelato Network released a security incident investigation report, saying that white hat hackers transferred a total of $27 million in assets to ensure the safety of user assets, but there were still $744,000 of funds that were maliciously attacked by MEV. The project stated that the vulnerability that emerged this time is similar to the previous dydx vulnerability, and the smart contract at risk can make arbitrary low-level calls aimed at executing transactions on 1inch, making potential exploits possible.

Details

Date
Dec 11, 2021
Kind
Hack or exploit
Method
Contract Vulnerability
How in
Smart contract bug
Target
not stated
Chains
Ethereum

Reported by

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Cite this pageSwanBluechip, "Gelato Network hack, Dec 11, 2021: $744K lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht793af74b1d/ (data as of 2026-11-01).
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