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FREE FOREX SIGNALS, BITCOIN TODAY, LIVE BITCOIN LIQUIDATION WATCH
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NEWS :

A bug in the token lending contract of the Solana Program Library (SPL) was recently found and fixed by Neodyme, a security auditing firm. The bug, that was discovered a couple of months back, could have affected several decentralized finance protocols holding more than $2 billion in total value locked (TVL). Their team identified the possible protocols using this contract (or derivatives of it) and disclosed the bug immediately.

Solana SPL Rounding Bug Puts Funds at Risk
A bug in one of the token lending contracts that is part of Solana’s Program Library (SPL), a group of on-chain programs targeting the Sealevel parallel runtime on Solana, put the funds of several protocols at risk. Neodyme, a security agency, had disclosed this vulnerability months ago and alerted about it, but the bug, due to its apparently innocuous effect, had not been resolved.

The bug caused a rounding error that delivers more tokens than the ones being deposited by the users to the contract. However, the bug was not exploitable without an organized attack that targeted the vulnerability directly. Neodyme, the auditing group, managed to reproduce it and create a script that took advantage of it.

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