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Hack history / 2022 / Hack or exploit

Sovryn

Hack or exploit on Oct 4, 2022 · Reentrancy

SOURCES AGREE ON DATE AND LOSS · 4 SOURCES
Lost
$1.1M
dollars at the time
Returned
none listed
as the sources state it
Rank
#901
among thefts by dollars lost

What happened

On October 4, 2022, Sovryn's legacy Lend/Borrow pool was exploited via cross-contract reentrancy in closeWithDeposit. Attacker manipulated iToken price through fallback functions triggered by RBTC/rUSDT transfers, draining 44.9368 RBTC and 282,351.9644 rUSDT (~$1.1M).

Details

Date
Oct 4, 2022
Kind
Hack or exploit
Method
Reentrancy
How in
Smart contract bug
Target
DeFi protocol
Chains
RSK, Ethereum, Bitcoin
Audit (rekt.news)
unaudited

After the theft

Recovered or seized
yes, amount not stated
“Half of the funds will be recovered, and any additional losses will be fully compensated by the treasury.” (SlowMist Hacked)
Victims reimbursed
yes, amount not stated
“Half of the funds will be recovered, and any additional losses will be fully compensated by the treasury.” (SlowMist Hacked)

Reported by

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Cite this pageSwanBluechip, "Sovryn hack, Oct 4, 2022: $1.1M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htfd6c081a28/ (data as of 2026-10-31).
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