ReFi Finance Runs Away - Revision history

Azoundria at 21:45, 10 May 2024

2024-05-10T21:45:27Z

← Older revision		Revision as of 15:45, 10 May 2024
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	ReFi Finance appears to have fully disappeared with user's funds. It's not clear what the contract originally did.		ReFi Finance appears to have fully disappeared with user's funds. It's not clear what the contract originally did.

	This is a global/international case not involving a specific country.<ref name="slowmisthacked-678" /><ref name="tuoniaox-1749" /><ref name="comnetix-1750" /><ref name="etherscan-1751" /><ref name="coinness-1752" /><ref name="blockthreat-1753" /><ref name="bitalk-1754" />		This is a global/international case not involving a specific country.<ref name="slowmisthacked-678" /><ref name="tuoniaox-1749" /><ref name="comnetix-1750" /><ref name="etherscan-1751" /><ref name="coinness-1752" /><ref name="blockthreat-1753" /><ref name="bitalk-1754" /><ref name="comparitech-10032" />

	== About ReFi Finance ==		== About ReFi Finance ==
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	<ref name="blockthreat-1753">[https://blockthreat.substack.com/p/blockthreat-week-4-2021 No Title] (Jul 18, 2021)</ref>		<ref name="blockthreat-1753">[https://blockthreat.substack.com/p/blockthreat-week-4-2021 No Title] (Jul 18, 2021)</ref>

	<ref name="bitalk-1754">[https://www.bitalk.com/flash/detail/448654413024858112 哔哔News 人人都能看懂的区块链资讯] (Jul 18, 2021)</ref></references>		<ref name="bitalk-1754">[https://www.bitalk.com/flash/detail/448654413024858112 哔哔News 人人都能看懂的区块链资讯] (Jul 18, 2021)</ref>

			<ref name="comparitech-10032">[https://www.comparitech.com/crypto/cryptocurrency-scams/ Worldwide crypto & NFT rug pulls and scams tracker - Comparitech] (Dec 15, 2022)</ref></references>

Azoundria at 18:49, 2 May 2023

2023-05-02T18:49:37Z

← Older revision		Revision as of 12:49, 2 May 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/refifinancerunsaway.php}}		{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/refifinancerunsaway.php}}
	{{Unattributed ~~Citations~~}}		{{Unattributed Sources}}

	ReFi Finance appears to have fully disappeared with user's funds. It's not clear what the contract originally did.		ReFi Finance appears to have fully disappeared with user's funds. It's not clear what the contract originally did.

	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.<ref name="slowmisthacked-678" /><ref name="tuoniaox-1749" /><ref name="comnetix-1750" /><ref name="etherscan-1751" /><ref name="coinness-1752" /><ref name="blockthreat-1753" /><ref name="bitalk-1754" />
	<ref name="slowmisthacked-678" /><ref name="tuoniaox-1749" /><ref name="comnetix-1750" /><ref name="etherscan-1751" /><ref name="coinness-1752" /><ref name="blockthreat-1753" /><ref name="bitalk-1754" />

	== About ReFi Finance ==		== About ReFi Finance ==
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	!Description		!Description
	\|-		\|-
	\|January 27th, 2021 ~~12:00:00 AM~~		\|January 27th, 2021
	\|Main Event		\|Main Event
	\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.		\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
Line 57:		Line 56:
	\|		\|
	\|}		\|}

			== Technical Details ==
			This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

	== Total Amount Lost ==		== Total Amount Lost ==
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	== Ongoing Developments ==		== Ongoing Developments ==
	What parts of this case are still remaining to be concluded?		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 ~~Policies ==~~		{{Prevention:Regulators:End}}
	~~Which policies could have prevented this event from happening?~~

	== References ==		== References ==
	<references><ref name="slowmisthacked-678">[https://hacked.slowmist.io/en/?c=ETH%20DApp SlowMist Hacked - SlowMist Zone] (May 17, 2021)</ref>		<references><ref name="slowmisthacked-678">[https://hacked.slowmist.io/en/?c=ETH%20DApp SlowMist Hacked - SlowMist Zone] (May 18, 2021)</ref>

	<ref name="tuoniaox-1749">[https://www.tuoniaox.com/newsflash/p-485093.html refi.finance跑路，抽走超2600个BAS_快讯_鸵鸟区块链] (Jul 17, 2021)</ref>		<ref name="tuoniaox-1749">[https://www.tuoniaox.com/newsflash/p-485093.html refi.finance跑路，抽走超2600个BAS_快讯_鸵鸟区块链] (Jul 18, 2021)</ref>

	<ref name="comnetix-1750">[https://www.comnetix.com/kx178165.html refi.finance跑路抽走超2600个BAS - CN币网] (Jul 17, 2021)</ref>		<ref name="comnetix-1750">[https://www.comnetix.com/kx178165.html refi.finance跑路抽走超2600个BAS - CN币网] (Jul 18, 2021)</ref>

	<ref name="etherscan-1751">[https://etherscan.io/address/0x55937808414b760d802f5B0d6A806Db4BB8C529a REFIBASFarm \| 0x55937808414b760d802f5B0d6A806Db4BB8C529a] (Jul 17, 2021)</ref>		<ref name="etherscan-1751">[https://etherscan.io/address/0x55937808414b760d802f5B0d6A806Db4BB8C529a REFIBASFarm \| 0x55937808414b760d802f5B0d6A806Db4BB8C529a] (Jul 18, 2021)</ref>

	<ref name="coinness-1752">[https://www.coinness.com/news/876218 Exit Scam: refi.finance Withdraws 2,600 BAS \| CoinNess] (Jul 17, 2021)</ref>		<ref name="coinness-1752">[https://www.coinness.com/news/876218 Exit Scam: refi.finance Withdraws 2,600 BAS \| CoinNess] (Jul 18, 2021)</ref>

	<ref name="blockthreat-1753">[https://blockthreat.substack.com/p/blockthreat-week-4-2021 No Title] (Jul 17, 2021)</ref>		<ref name="blockthreat-1753">[https://blockthreat.substack.com/p/blockthreat-week-4-2021 No Title] (Jul 18, 2021)</ref>

	<ref name="bitalk-1754">[https://www.bitalk.com/flash/detail/448654413024858112 哔哔News 人人都能看懂的区块链资讯] (Jul 17, 2021)</ref></references>		<ref name="bitalk-1754">[https://www.bitalk.com/flash/detail/448654413024858112 哔哔News 人人都能看懂的区块链资讯] (Jul 18, 2021)</ref></references>

Azoundria at 17:51, 17 February 2023

2023-02-17T17:51:01Z

← Older revision		Revision as of 11:51, 17 February 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/refifinancerunsaway.php}}		{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/refifinancerunsaway.php}}
			{{Unattributed Citations}}

	ReFi Finance appears to have fully disappeared with user's funds. It's not clear what the contract originally did.		ReFi Finance appears to have fully disappeared with user's funds. It's not clear what the contract originally did.

	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.
			<ref name="slowmisthacked-678" /><ref name="tuoniaox-1749" /><ref name="comnetix-1750" /><ref name="etherscan-1751" /><ref name="coinness-1752" /><ref name="blockthreat-1753" /><ref name="bitalk-1754" />

	== About ReFi Finance ==		== About ReFi Finance ==
Line 27:		Line 29:

	Don't Include:		Don't Include:

	* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.		* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
	* Anything that wasn't reasonably knowable at the time of the event.		* Anything that wasn't reasonably knowable at the time of the event.
Line 49:		Line 50:
	\|-		\|-
	\|January 27th, 2021 12:00:00 AM		\|January 27th, 2021 12:00:00 AM
	\|~~First~~ Event		\|Main Event
	\|~~This is an expanded~~ description of what happened and the impact. If multiple lines are necessary, add them here.		\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
	\|-
	\|
	\|
	\|
	\|-		\|-
	\|		\|
Line 62:		Line 59:

	== Total Amount Lost ==		== Total Amount Lost ==
	The total amount lost ~~is unknown~~.		The total amount lost has been estimated at $144,000 USD.

	How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?		How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?
Line 73:		Line 70:

	== Total Amount Recovered ==		== Total Amount Recovered ==
	~~It is unknown how much was~~ recovered.		There do not appear to have been any funds recovered in this case.

	What funds were recovered? What funds were reimbursed for those affected users?		What funds were recovered? What funds were reimbursed for those affected users?
Line 81:		Line 78:

	== Prevention Policies ==		== Prevention Policies ==
			Which policies could have prevented this event from happening?

	== References ==		== References ==
	[https://hacked.slowmist.io/en/?c=ETH%20DApp SlowMist Hacked - SlowMist Zone] (May 17)		<references><ref name="slowmisthacked-678">[https://hacked.slowmist.io/en/?c=ETH%20DApp SlowMist Hacked - SlowMist Zone] (May 17, 2021)</ref>

	[https://www.tuoniaox.com/newsflash/p-485093.html refi.finance跑路，抽走超2600个BAS_快讯_鸵鸟区块链] (Jul 17)		<ref name="tuoniaox-1749">[https://www.tuoniaox.com/newsflash/p-485093.html refi.finance跑路，抽走超2600个BAS_快讯_鸵鸟区块链] (Jul 17, 2021)</ref>

	[https://www.comnetix.com/kx178165.html refi.finance跑路抽走超2600个BAS - CN币网] (Jul 17)		<ref name="comnetix-1750">[https://www.comnetix.com/kx178165.html refi.finance跑路抽走超2600个BAS - CN币网] (Jul 17, 2021)</ref>

	[https://etherscan.io/address/0x55937808414b760d802f5B0d6A806Db4BB8C529a REFIBASFarm \| 0x55937808414b760d802f5B0d6A806Db4BB8C529a] (Jul 17)		<ref name="etherscan-1751">[https://etherscan.io/address/0x55937808414b760d802f5B0d6A806Db4BB8C529a REFIBASFarm \| 0x55937808414b760d802f5B0d6A806Db4BB8C529a] (Jul 17, 2021)</ref>

	[https://www.coinness.com/news/876218 Exit Scam: refi.finance Withdraws 2,600 BAS \| CoinNess] (Jul 17)		<ref name="coinness-1752">[https://www.coinness.com/news/876218 Exit Scam: refi.finance Withdraws 2,600 BAS \| CoinNess] (Jul 17, 2021)</ref>

	[https://blockthreat.substack.com/p/blockthreat-week-4-2021 No Title] (Jul 17)		<ref name="blockthreat-1753">[https://blockthreat.substack.com/p/blockthreat-week-4-2021 No Title] (Jul 17, 2021)</ref>

	[https://www.bitalk.com/flash/detail/448654413024858112 哔哔News 人人都能看懂的区块链资讯] (Jul 17)		<ref name="bitalk-1754">[https://www.bitalk.com/flash/detail/448654413024858112 哔哔News 人人都能看懂的区块链资讯] (Jul 17, 2021)</ref></references>

Azoundria: Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/refifinancerunsaway.php}} ReFi Finance appears to have fully disappeared with user's funds. It's not clear what the contract originally did. This is a global/international case not involving a specific country. == About ReFi Finance == "Reports of refi.finance exit scamming by calling a superuser function to change treasury boardroom implementation to steal 2600 BAS ($144K)." "Weibo user “Cry..."

2023-01-25T19:39:20Z

Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/refifinancerunsaway.php}} ReFi Finance appears to have fully disappeared with user's funds. It's not clear what the contract originally did. This is a global/international case not involving a specific country. == About ReFi Finance == "Reports of refi.finance exit scamming by calling a superuser function to change treasury boardroom implementation to steal 2600 BAS ($144K)." "Weibo user “Cry..."

New page

{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/refifinancerunsaway.php}}

ReFi Finance appears to have fully disappeared with user's funds. It's not clear what the contract originally did.

This is a global/international case not involving a specific country.

== About ReFi Finance ==
"Reports of refi.finance exit scamming by calling a superuser function to change treasury boardroom implementation to steal 2600 BAS ($144K)."

"Weibo user “CryptoBlanker” broke the news: the refi.finance project party directly used the reserved setBoardroom() function to change the Boardroom address to the address it deployed. Light BAS was taken away 2,600, worth 111 ETH (about 144,000 US dollars)."

"He mentioned the project in his previous Weibo: refi.finance can use the share of three algorithmic stable coins to mine. The project needs to call the exitBoradRoom() function to end mining after each phase (every 6 hours) ends, and then call depositBoradRoom() to start the next round of mining. Only in the interval between the above two operations, users can access their own shares. That is to say, if the owner does not want to maintain the project one day, no one can retrieve their own shares."

This is a global/international case not involving a specific country.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

* Known history of when and how the service was started.
* What problems does the company or service claim to solve?
* What marketing materials were used by the firm or business?
* Audits performed, and excerpts that may have been included.
* Business registration documents shown (fake or legitimate).
* How were people recruited to participate?
* Public warnings and announcements prior to the event.

Don't Include:

* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
* Anything that wasn't reasonably knowable at the time of the event.
There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

== 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 - ReFi Finance Runs Away
!Date
!Event
!Description
|-
|January 27th, 2021 12:00:00 AM
|First Event
|This is an expanded description of what happened and the impact. If multiple lines are necessary, add them here.
|-
|
|
|
|-
|
|
|
|}

== Total Amount Lost ==
The total amount lost is unknown.

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 ==
How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

== 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 ==
It is unknown how much was recovered.

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?

== Prevention Policies ==

== References ==
[https://hacked.slowmist.io/en/?c=ETH%20DApp SlowMist Hacked - SlowMist Zone] (May 17)

[https://www.tuoniaox.com/newsflash/p-485093.html refi.finance跑路，抽走超2600个BAS_快讯_鸵鸟区块链] (Jul 17)

[https://www.comnetix.com/kx178165.html refi.finance跑路抽走超2600个BAS - CN币网] (Jul 17)

[https://etherscan.io/address/0x55937808414b760d802f5B0d6A806Db4BB8C529a REFIBASFarm | 0x55937808414b760d802f5B0d6A806Db4BB8C529a] (Jul 17)

[https://www.coinness.com/news/876218 Exit Scam: refi.finance Withdraws 2,600 BAS | CoinNess] (Jul 17)

[https://blockthreat.substack.com/p/blockthreat-week-4-2021 No Title] (Jul 17)

[https://www.bitalk.com/flash/detail/448654413024858112 哔哔News 人人都能看懂的区块链资讯] (Jul 17)