The NovaBox reward pool was attacked, and hackers exploited a vulnerability in the distribution mechanism to steal 56.73 ETH

By: rootdata|2026/06/11 20:45:01
0
Share
copy

According to Bits.media, the reward pool of the NovaBox platform was hacked on June 9 on Ethereum, resulting in a loss of approximately 56.73 ETH, affecting over 130 deposit users. The attacker drained the pool's funds from 65.11 ETH to 0.09 ETH in a single transaction, accounting for about 99.86%.

Security company F12 stated that the incident was not due to a smart contract vulnerability, but rather a flaw in the reward distribution mechanism. The attacker borrowed 427.5 WETH through an Aave V3 flash loan, exploiting a loophole in NovaBox's mechanism of distributing dividends before updating balances when users deposit or withdraw. The hacker first deposited a small amount of NOVA tokens to trigger the dividend calculation, then deposited a large amount of ETH, significantly increasing the actual share. However, since the system did not update the balance in time, dividends were still calculated based on the previous small share, while payments were made based on the new large share, resulting in approximately 145.82 ETH of "phantom dividends," which drained the reward pool.

You may also like

A pre-announced harvesting case: After the cryptocurrency price dropped by 99%, the public chain Saga exited to transform into AI

True failure often isn't a single price drop, but rather a pricing mechanism that repeatedly rewards those who tell stories while repeatedly punishing those who believe in the stories.

Ethereum Foundation Report: A Basic Guide to Ethereum for Governments and Financial Institutions

The Ethereum Foundation has released this non-technical introductory report aimed at government officials, central banks, regulators, and corporate decision-makers, explaining how Ethereum works, how it is governed, how it differs from other blockchains, and how institutions and governments are alre...

Portugal 2-1 Croatia: Ronaldo's 20-Year Knockout-Stage Drought Ends With a Debt Finally Collected

Portugal beat Croatia 2-1 in the 2026 global football championship's knockout rounds as Ronaldo scored his first-ever knockout-stage goal, Gonçalo Ramos struck a stoppage-time winner, and VAR ruled out a late equalizer for offside.

Bitcoin Price Prediction July 2026: Will BTC Recover to $70K or Drop Below $55K?

Bitcoin price prediction for July 2026: Can BTC recover to $70,000 or fall below $55,000? Explore ETF flows, key support levels, Fed outlook, and our Bitcoin forecast.

A South Korean company that learned the strategy of hoarding coins, from a bull market to delisting?

When the overall momentum of the Korean stock market is strong, this batch of cryptocurrency concept stocks, branded as the "Korean version of Strategy," finds itself at a crossroads of life and death.

Where is Zhao Changpeng's billion-dollar investment going? YZi Labs' investment landscape fully revealed

Zhao Changpeng's billion-dollar new "family office" YZi Labs investment landscape revealed: 70% of the funds are committed to the crypto ecosystem, while 30% are cross-industry bets on AI and biotechnology, launching a new capital experiment in the post-Binance era.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com