Sonne Finance Hack Article

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Fact Checking Results

• Statement: On May 14, 2024, Sonne Finance was exploited on the Optimism chain, which led to a loss of nearly $20 million worth of assets including USDC, WETH and VELO. :white_check_mark:

  • Source: https://www.coindesk.com/tech/2024/05/15/sonne-finance-token-drops-60-after-20m-exploit-on-optimism/

• Statement: Sonne Finance is a decentralized liquidity protocol that offers Lending, Borrowing and Earning opportunities on Optimism and Base chains. :white_check_mark:

  • Source: https://sonne.finance/

• Statement: The root cause of the exploit is a precision loss smart contract vulnerability. :white_check_mark:

  • Source: https://medium.com/neptune-mutual/taking-a-closer-look-at-sonne-finance-exploit-b4e27f759e44

• Statement: Sonne Finance's smart contracts are a fork of CompoundV2, and precision loss vulnerability is a well-known issue with them. :white_check_mark:

  • Source: https://neptunemutual.com/blog/taking-a-closer-look-at-sonne-finance-exploit/

• Statement: Sonne Finance suffered a loss of approximately $20 million in various assets, including 2,033,723 USDC, 162.92 WBTC, 2,462.83 WETH, and 2,352 VELO. :white_check_mark:

  • Source: https://cointelegraph.com/news/sonne-finance-pause-20m-crypto-hack

Editor's Notes

The provided text is well-structured and follows the required format for a Markdown document. However, there are a few areas that could be improved:

1. In the "Timeline" section, the dates should be formatted as "Month day, year, time PM UTC:". For example, "May 05, 2024, 03:29 AM UTC:" should be "May 05, 2024, 03:29 AM UTC:".

2. The "Losses" section could benefit from a more detailed breakdown of the lost assets. Consider adding the USD value for each asset to provide a clearer picture of the total loss.

3. The "Security Failure Causes" section could be expanded to include more details about the specific vulnerability and how it was exploited.

Overall, the text is well-written and provides a comprehensive overview of the Sonne Finance exploit.

Hugo SSG Formatting Check

• Does it match Hugo SSG formatting? :white_check_mark:

Filename Check

• Correct Filename: 2024-05-14-Sonne-Finance.md
• Your Filename: 2024-05-14-Sonne-Finance.md :white_check_mark:

Section Headers Check

• Allowed Headers: ## Summary, ## Attackers, ## Losses, ## Timeline, ## Security Failure Causes
• Your Headers: ## Summary, ## Attackers, ## Losses, ## Timeline, ## Security Failure Causes :white_check_mark:

Metadata Headers Check

• Allowed Metadata Headers: date, target-entities, entity-types, attack-types, title, loss
• Your Metadata Headers: date, target-entities, entity-types, attack-types, title, loss :white_check_mark:
• Notes:
  • The date header has the correct date. - Date in the text: May 14, 2024 - Date in the metadata: 2024-05-14

    :white_check_mark:

  • The target-entities header has the correct value. - Target entity in the text: Sonne Finance - Target entity in the metadata: Sonne Finance

    :white_check_mark:

  • The loss header has the correct value. - Loss in the text: $20 million - Loss in the metadata: 20000000

    :white_check_mark:

  • The entity-types header has the correct values that correspond to the target entity. :white_check_mark:
  • The attack-types header has the correct values that match the type of attack described in the text. :white_check_mark: