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Hack history / 2022 / Hack or exploit

Rikkei Finance

Hack or exploit on Apr 15, 2022 · Improper Access Control

ATTACK TX CONFIRMED ON CHAINSOURCES AGREE ON DATE AND LOSS · 4 SOURCES
Lost
$1.1M
dollars at the time
Returned
none listed
as the sources state it
Rank
#899
among thefts by dollars lost

What happened

Rikkei Finance lending protocol lacked permission controls in the setOracleDate function, allowing an attacker to manipulate oracle prices. With only 0.0001 BNB as collateral, the attacker borrowed all USDC, BTC, DAI, USDT, and BUSD from liquidity pools by inflating collateral value through the malicious oracle.

Details

Date
Apr 15, 2022
Kind
Hack or exploit
Method
Improper Access Control
How in
Smart contract bug
Target
DeFi protocol
Chains
BNB Chain

After the theft

Victims reimbursed
yes, amount not stated
“Rikkei Finance said users affected by the exploit will be fully compensated, and the team said the bug is being fixed and services have been fully restored.” (SlowMist Hacked)

Reported by

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Cite this pageSwanBluechip, "Rikkei Finance hack, Apr 15, 2022: $1.1M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht95beb37a5e/ (data as of 2026-11-01).
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