Create 2023-06-27-Themis-Protocol.md

[svg-arch]

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[JediFaust]

/articlecheck

[github-actions]

Fact Checking

• Statement: On June 27, 2023, Themis Protocol, a decentralized lending and borrowing platform on the Arbitrum One chain, fell victim to a sophisticated exploit involving a flawed price oracle, leading to a loss of approximately $370,000 ✅
  • Source: https://neptunemutual.com/blog/how-was-themis-protocol-exploited/
• Statement: The identity of the attacker is unknown ✅
  • Source: https://en.wikipedia.org/wiki/Identity_theft
• Statement: Themis Protocol lost approximately $370,000 in total ✅
  • Source: https://neptunemutual.com/blog/how-was-themis-protocol-exploited/
• Statement: The root cause of the exploit is an inaccurate Balancer LP token price oracle ❌
  • Source: https://peckshield.medium.com/balancer-hacks-root-cause-and-loss-analysis-4916f7f0fff5
  • Explanation: The search results describe a different Balancer exploit from 2020 involving deflationary tokens. The Themis exploit in 2023 involved manipulating the price of a Balancer LP token by exchanging tokens within the pool.
• Statement: The root cause of the Themis Protocol exploit on June 27, 2023 is an inaccurate Balancer LP token price oracle ✅
  • Source: https://neptunemutual.com/blog/how-was-themis-protocol-exploited/

Editor's Notes

In the Timeline section:

• Standardize the date formats to 'Month day, year, time PM UTC:'
• Add the announcement date of Themis 2.0 and compensation plan

Hugo SSG Formatting Check

• Does it match Hugo SSG formatting? ✅

Filename Check

• Correct Filename: 2023-06-27-Themis-Protocol.md
• Your Filename: 2023-06-27-Themis-Protocol.md ✅

Section Headers Check

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

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 ✅
• Notes:

  • Thinking date: June 27, 2023

  • Metadata date: 2023-06-27 ✅

  • Thinking target entities: Themis Protocol

  • Metadata target entities: Themis Protocol ✅

  • Thinking loss: $370,000

  • Metadata loss: 370000 ✅

  • Entity types match attack target ✅

  • Attack types match exploit type ✅

[evgenydmitriev]

/articlecheck

[github-actions]

Fact-Checking Results

• Statement: Themis Protocol, a decentralized lending and borrowing platform on the Arbitrum One chain, fell victim to a sophisticated exploit involving a flawed price oracle, leading to a loss of approximately $370,000. ✅

  • Source: https://neptunemutual.com/blog/how-was-themis-protocol-exploited/

• Statement: The attacker manipulated the Balancer LP token price by exchanging tokens within the Balancer pool, thus affecting the oracle's valuation of the pool's tokens. ✅

  • Source: https://neptunemutual.com/blog/how-was-themis-protocol-exploited/

• Statement: By utilizing flash loans and a series of calculated transactions, the exploiter was able to inflate the price of the Balancer LP tokens and borrow assets far exceeding their collateral, eventually laundering a portion of the stolen assets through Tornado Cash. ✅

  • Source: https://neptunemutual.com/blog/how-was-themis-protocol-exploited/

• Statement: Themis Protocol lost approximately $370,000 in total. ✅

  • Source: https://neptunemutual.com/blog/how-was-themis-protocol-exploited/

• Statement: The root cause of the exploit is an inaccurate Balancer LP token price oracle. ✅

  • Source: https://neptunemutual.com/blog/how-was-themis-protocol-exploited/

Editor's Notes

In the Timeline section:

• Format the first date as "June 27, 2023, 06:33 PM UTC:"
• Format the second date as "June 27, 2023, 08:30 PM UTC:"
• Format the third date as "June 27, 2023, 08:39 PM UTC:"
• Format the fourth date as "June 27, 2023, 10:32 AM UTC:"
• Format the fifth date as "July 27, 2023:"

No other stylistic or grammatical issues found.

Hugo SSG Formatting Check

• Does it match Hugo SSG formatting? ✅

Filename Check

• Correct Filename: 2023-06-27-Themis-Protocol.md
• Your Filename: 2023-06-27-Themis-Protocol.md ✅

Section Headers Check

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

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 ✅

June 27, 2023
June 27, 2023 ✅

Themis Protocol
Themis Protocol ✅

$370,000
$370,000 ✅

[evgenydmitriev]

/payout

[github-actions]

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