Unnamed Base vault loses about $6 million in exploit, with $31.7 million still in assets

Unnamed Base vault loses about $6 million in exploit, with $31.7 million still in assets

N
News Editor
2026-10-07 04:53:57
An unnamed vault on Base was exploited for about $6 million, according to Immunefi Head of Security Gonçalo Magalhães, who said the vault still held roughly $31.7 million in assets at the time of the incident. A briefing said the attacker used a Safe multisig wallet to add a malicious contract to the vault’s lending whitelist, then withdrew 1,783 aBaswstETH and swapped it through Aave V3 for about 1,783 wstETH. Magalhães said the issue came from the whitelist design itself: while restricting access to approved addresses appeared safe, any address that made it onto the list could remove assets without posting collateral. He added that the whitelist weakness had been identified the previous week, but researchers did not have a clear disclosure channel. More than 24 hours after the exploit, no team had publicly claimed responsibility for the vault or disclosed any remediation steps.

An unnamed Base vault was exploited for about $6 million, while still holding roughly $31.7 million in assets at the time, according to Immunefi Head of Security Gonçalo Magalhães.

Based on a briefing cited in the report, the attacker used a Safe multisig wallet to add a malicious contract to the vault’s lending whitelist. The attacker then withdrew 1,783 aBaswstETH and exchanged it through Aave V3 for about 1,783 wstETH.

Magalhães said the whitelist restriction may have looked safe on the surface, but the approved addresses were able to take assets without collateral, which made the design vulnerable.

He also said the whitelist weakness had been discovered the previous week, but researchers lacked a clear channel for disclosure. More than 24 hours after the incident, no team had publicly claimed the vault or disclosed remediation measures.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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