Incident Overview
The Kipseli Router contract on Base was exploited via Improper Validation / Decimal Mismatch. The router blindly used the amount returned by an external USDC-only quoter as the raw transfer amount for tokenOut without verifying that the output token matched the quote token. The attacker used an unsupported path (e.g., WETH → cbBTC), causing the quoter to return a USDC-scaled value (6 decimals) which was then transferred as cbBTC (8 decimals), resulting in massive over-transfer. The attacker swapped only ~0.04 WETH for ~0.926 cbBTC (worth ~$72.35K). Afterward, the finder contacted the team, returned 80% of the funds as a white-hat disclosure, and kept 20% as a bug bounty.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.