Thread by @FrankResearcher

1/7 Let’s take a look at the addresses that exploited bugs in @CoverProtocol today.

Specifically, those addresses that able to receive more than 100 COVER using the exploit.👇

2/7 Grap Finance (0x000075), who performed a white hat attack, creating 40 quintillion COVER.

Only 72.9k tokens were sold through 1inch, Sushiswap, and Uniswap for 4.3k ETH.

ETH was returned to the Cover team, and the remaining tokens were sent to the ‘ecrecover’ address.

3/7 Cover Exploiter 1 (0x5d8d9f), in turn, was the first to be noticed for an exploit.

They could mint 11.7k COVER, which swapped with 1Inch for 83.46 WBTC, 866.3k DAI, and 1.5k ETH.

All funds received in the amount of $4.4M are located at the new address.

4/7 The little discussed today address (0x8fba30), in turn, was able to mint 5.5k tokens.

Everything was successfully swapped via 1Inch, Matcha, and Sushiswap to 464k DAI, 1.8k ETH.

The funds are now split between three wallets.

5/7 The fourth address (0xab925f) received 905 COVER and exchanged them for 750 ETH via 1Inch and Sushiswap.

400 of them were spent on the purchase of 10 renBTC, which are withdrawn to the Bitcoin blockchain.

6/7 (0x5e3903) received 268 tokens via an exploit, sold via Sushiswap for 69.5k DAI.

At the new address, they swapped COVER for 96.4 ETH via Uniswap.

7/7 And the last address (0x5d8d9f) minted 219 COVER.

They were able to earn 181 ETH using Sushiswap, which they later deposited to Binance.