Digital Asset
Intelligence
Security Incident

Skyward Finance Contract Vulnerability: $3.00M Reported Loss

·Historical incident record

Incident Overview

According to Cointelegraph, Skyward Finance, the NEAR on-chain asset issuance platform, suffered a vulnerability exploit and has lost 110 NEAR tokens (about $3 million). The Ref Finance and Skyward teams have been informed of the existence of the vulnerability. The attackers reportedly purchased large amounts of Skyward Tokens on Ref Finance, then redeemed them through the Treasury on Skyward Finance, and then earned more than the value of the Skyward Tokens originally invested.

Sources & References

Original incident referencehttps://cointelegraph.com/news/skyward-finance-exploit-allegedly-results-in-3-million-loss (opens in a new tab)

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.

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