Hack history / 2020 / Hack or exploit
Degen.Money
Hack or exploit on Aug 28, 2020 · Double Authorization Vulnerability
ONE SOURCE · 1 SOURCE
Lost
undisclosed
dollars at the time
Returned
none listed
as the sources state it
Rank
not ranked
collapses, frauds and later news are not ranked
What happened
Twitter users reported that DeFi's liquidity mining project Degen.Money exploited a double approval vulnerability to get users' Money. The first authorization gives the pledge contract, and the second authorization gives the right to transfer money, which will result in the user's funds being taken away by the attacker. YFI founder Andre Cronje says the project does have risks.
Details
- Date
- Aug 28, 2020
- Kind
- Hack or exploit
- Method
- Double Authorization Vulnerability
- How in
- Smart contract bug
- Target
- not stated
- Chains
- Ethereum
Reported by
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Cite this page
SwanBluechip, "Degen.Money hack, Aug 28, 2020: undisclosed lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htdf1ae488c0/ (data as of 2026-10-31).