DeFi Project Thena on BSC Chain Suffers $20,000 Loss Due to Security Breach

On March 28th, it was reported that the DeFi project Thena on the BSC chain was attacked, resulting in a loss of approximately $20000, according to the monitoring by the OKLink security team of the Ouke Cloud Chain. According to the security team’s analysis, the main cause of this attack event is that the Strategy contract upgrade introduced some configuration issues, and the unstake function did not perform permission verification, resulting in attackers being able to call the unstake function and pass in parameters_ Beneficiary, unstack the user’s pledged assets to_ Beneficiary address. Taking one of the transactions as an example, the attacker calls the unstake function to set_ Beneficiary is an attack contract that removes user assets and completes the attack.

Thena, the DeFi project on the BSC chain, was attacked, resulting in a loss of approximately $20000

Introduction

On March 28th, it was reported that the DeFi project Thena on the BSC chain was attacked, resulting in a loss of approximately $20000, according to the monitoring by the OKLink security team of the Ouke Cloud Chain.

What is Thena

Thena is a DeFi project that operates on the Binance Smart Chain (BSC).

The Security Breach on Thena

According to the security team’s analysis, the main cause of this attack event is that the Strategy contract upgrade introduced some configuration issues, and the unstake function did not perform permission verification, resulting in attackers being able to call the unstake function and pass in parameters_ Beneficiary, unstack the user’s pledged assets to_ Beneficiary address.

How the Attack Occurred

Taking one of the transactions as an example, the attacker calls the unstake function to set_ Beneficiary is an attack contract that removes user assets and completes the attack.

Impact of the Security Breach

As a result of the security breach, Thena lost approximately $20,000 in assets. This substantial loss illustrates the importance of ensuring adequate security measures are in place when using DeFi projects.

Preventing Security Breaches in DeFi Projects

To prevent such security breaches in the future, DeFi projects need to adopt robust security measures. These include implementing permission verification checks, auditing smart contracts, and testing thoroughly for vulnerabilities.

Conclusion

It is essential to recognize that the rising popularity of DeFi projects has also brought with it a rise in security breaches. Therefore, it is necessary for DeFi projects to prioritize security measures to ensure user safety and trust in this emerging market.

FAQs

1. What is Thena?
Thena is a DeFi project operating on the Binance Smart Chain.
2. How much did Thena lose in the security breach?
Thena lost approximately $20,000 in assets as a result of the security breach.
3. What measures can DeFi projects take to prevent security breaches?
DeFi projects can prevent security breaches by implementing permission verification checks, auditing smart contracts, and testing thoroughly for vulnerabilities.