Data: BarnBridge governance attack is suspected to have caused approximately $776,000 in losses

Comparatively, according to BlockSec Phalcon's monitoring, the BarnBridge SMART Yield (cUSDC) protocol was attacked on Ethereum and lost about 776,000 US dollars, which is suspected to be a governance attack.

The attackers first obtained DAO governance rights, then upgraded the SmartYield/Controller agent to a malicious implementation contract. The contract then called CompoundProvider's _TakeOffered privilege function to transfer the aggregated funds to the attackers through TransferFees using USDC authorizations pre-existing in 50 user accounts.