Saffron Finance
Hack or exploit on Nov 30, 2020 · Contract Vulnerability
What happened
DeFi asset mortgage platform Saffron Finance issued an announcement stating that Epoch 1 redemption errors caused by contract loopholes resulted in 50 million DAI deposits deposited by Epoch 1 being locked for 8 weeks. The team is currently working on an emergency fix to solve this problem and will transition to Epoch 2. Saffron Finance is a DeFi asset mortgage platform released by an anonymous team. The token is SFI, allowing liquidity providers to select customized risk exposures to obtain returns. In each cycle, users can choose different risk-return combinations (A, AA, S) on Saffron to provide liquidity. A cycle of 14 days (LP locks within 14 days). After the cycle ends, users can remove liquidity and obtain Interest and prorated SFI.
Details
- Date
- Nov 30, 2020
- Kind
- Hack or exploit
- Method
- Contract Vulnerability
- How in
- Smart contract bug
- Target
- not stated
- Chains
- Ethereum
Reported by
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SwanBluechip, "Saffron Finance hack, Nov 30, 2020: $50M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htf839883a72/ (data as of 2026-10-31).