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Security agency: Aurelion Labs contract suffered a reentrancy initialization attack, resulting in the loss of approximately 455,000 USDC. - CoinFeed
Time 11:40

Security agency: Aurelion Labs contract suffered a reentrancy initialization attack, resulting in the loss of approximately 455,000 USDC.

May 12, 2026
CoinFeed News

Blockchain security firm SlowMist tweeted that an Aurelion Labs Diamond contract was compromised because the `initialize(address)` function in the SafeOwnable Facet was not protected. An attacker re-entered the initialization, altered the contract owner, and executed `diamondCut` to inject a malicious Facet containing `pullERC20`, thereby transferring authorized USDC assets. SlowMist stated that affected contracts include addresses such as 0x0adc63e7… (the victim contract), 0x2e933518…, 0xa90714a1…, and 0xeced2d37…, while the attacker's address was 0x9f49591a3b…, resulting in a loss of approximately 455,003 USDC.

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