logical flaws

According to PeckShield’s analysis, Euler Finance was used in a series of transactions on Ethereum (hacker transaction address) due to its logical flaws in donation and liquidation, resulting in a loss of about 197 million dollars. Specifically, DonateToReserves needs to ensure that donors still have excess collateral, and liquidation needs to ensure the “correct” conversion rate from loans to mortgaged assets. In addition, two hackers participated in the attack: 0x5F2… 8B8c and 0xBcA… 7c5C. Euler Finance was attacked due to logical flaws in its donation and liquidation Analysis based on this information:PeckShield’s analysis has revealed that Euler Finance, an Ethereum-based platform, was prone to logical flaws in donation and liquidation, leading to a loss of approximately 197 million dollars. The DonateToReserves feature was not ensuring that donors still had excess collateral, while the liquidation option was failing to ensure the “correct” conversion rate from loans to mortgaged assets. As a result, the platform was exposed to a security breach scheme…