Azoundria: Created page with "{{Imported Case Study With About|source=https://www.quadrigainitiative.com/casestudy/omnipuspresalecontractvulnerabilityrefund.php}} {{Unattributed Sources}} Omnipus Logo/HomepageOmnipus is an token which can be used in any ethereum layer 2 protocols, at the specific exclusion of Solana. Omnipus launched a presale on Twitter. The next day, they posted an announcement about a vulnerability which was identified and announced that all users had..."

2024-10-18T20:46:20Z

Created page with "{{Imported Case Study With About|source=https://www.quadrigainitiative.com/casestudy/omnipuspresalecontractvulnerabilityrefund.php}} {{Unattributed Sources}} thumb|Omnipus Logo/HomepageOmnipus is an token which can be used in any ethereum layer 2 protocols, at the specific exclusion of Solana. Omnipus launched a presale on Twitter. The next day, they posted an announcement about a vulnerability which was identified and announced that all users had..."

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{{Imported Case Study With About|source=https://www.quadrigainitiative.com/casestudy/omnipuspresalecontractvulnerabilityrefund.php}}
{{Unattributed Sources}}

[[File:Omnipusio.jpg|thumb|Omnipus Logo/Homepage]]Omnipus is an token which can be used in any ethereum layer 2 protocols, at the specific exclusion of Solana. Omnipus launched a presale on Twitter. The next day, they posted an announcement about a vulnerability which was identified and announced that all users had been refunded. Slowmist reports an issue with the refund mechanism in the smart contract. Specific details about the vulnerability have not been published. It is unclear if the project will relaunch as the website still announces a presale launch date of September 8th.<ref name="archive-16182" /><ref name="omnipusxtwitter-16183" /><ref name="omnipusxtwitter-16184" /><ref name="omnipus-16185" /><ref name="omnipus-16186" />

== About Omnipus ==
"Omnipus is a sigma pirate lord hailing from the once pumping kingdom of Ethereum. But Ethereum is in crisis. Plagued by overpopulation and strained resources, it’s community has splintered. These fractured communities have formed their own Layer-2 factions.

A new threat brews in the South: a mischievous pirate, Sqwob, hailing from the land of Solania. With their hive-mind thirst for number go up, Sqwob & his minions plague the kingdom and threaten the future of decentralisation.

Omnipus is on a mission to unite the factions of his beloved community, thwart Sqwob & make Ethereum great again."

"As a LayerZero OFT, $OPUS maintains a unified supply across deployed chains.

A 0.5% fee is charged on all bridging, and this loot is fed back into the coffers of stakers.

Additionally, 20% of $OPUS supply will be locked & paid out in staking rewards over a 2-year period."

"30% of total $OPUS supply is reserved for the presale.

The presale is priced on a Bonding Curve. As more tokens are sold, the price increases. Simply, early users receive more $OPUS for a lower price.

The presale will run for fixed amount of time. Any presale tokens not sold will be burned at the end of the presale."

== The Reality ==
This sections is included if a case involved deception or information that was unknown at the time. Examples include:

* When the service was actually started (if different than the "official story").
* Who actually ran a service and their own personal history.
* How the service was structured behind the scenes. (For example, there was no "trading bot".)
* Details of what audits reported and how vulnerabilities were missed during auditing.

== What Happened ==
The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.
{| class="wikitable"
|+Key Event Timeline - Omnipus Presale Contract Vulnerability Refund
!Date
!Event
!Description
|-
|September 10th, 2024 9:45:00 AM MDT
|Omnipus Opens Up Presale
|Omnipus announces the launch of their presale on Twitter.
|-
|September 11th, 2024 6:11:00 AM MDT
|Omnipus Tweet Announced
|Omnipus posts a tweet that a vulnerability has been identified and refunded anyone who invested in the presale.
|}

== Technical Details ==
"Omnipus contracts were drained of approximately $30,000 during the OPUS token presale. The attack exploited a vulnerability in which the contracts mistakenly believed the attackers had sent too much ETH and refunded them."

== Total Amount Lost ==
The total amount lost has been estimated at $30,000 USD.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

== Immediate Reactions ==
"We have identified a vulnerability in the smart contract & have subsequently halted presale Anyone invested in the presale has been fully refunded - further updates to follow"

== Ultimate Outcome ==
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

== Total Amount Recovered ==
The total amount recovered has been estimated at $30,000 USD.

What funds were recovered? What funds were reimbursed for those affected users?

== Ongoing Developments ==
What parts of this case are still remaining to be concluded?
== Individual Prevention Policies ==
{{Prevention:Individuals:Placeholder}}

{{Prevention:Individuals:End}}

== Platform Prevention Policies ==
{{Prevention:Platforms:Placeholder}}

{{Prevention:Platforms:End}}

== Regulatory Prevention Policies ==
{{Prevention:Regulators:Placeholder}}

{{Prevention:Regulators:End}}

== References ==
<references><ref name="archive-16182">[https://archive.ph/0LQSo https://archive.ph/0LQSo] (Accessed Oct 18, 2024)</ref>

<ref name="omnipusxtwitter-16183">[https://twitter.com/Omnipus_X/status/1833840674602446993 @Omnipus_X Twitter] (Accessed Oct 18, 2024)</ref>

<ref name="omnipusxtwitter-16184">[https://twitter.com/Omnipus_X/status/1833532269631574248 @Omnipus_X Twitter] (Accessed Oct 18, 2024)</ref>

<ref name="omnipus-16185">[https://omnipus.io/en Omnipus] (Accessed Oct 18, 2024)</ref>

<ref name="omnipus-16186">[https://omnipus.io/en/story Omnipus] (Accessed Oct 18, 2024)</ref></references>

Omnipus Presale Contract Vulnerability Refund - Revision history