Post Mortem Report on the Impossible Finance Incident

Dear Humanode community and friends,

We want to share a comprehensive post mortem report on the recent incident that occurred on December 1, 2023, involving the WeHMND/USDC staking pool on Impossible Finance(IF) DEX.

Quick Recap:
1. The incident was triggered by a miscommunication within the Impossible Finance team, leading to an erroneous contract configuration change.
2. Quick response by Humanode and IF teams, plus a cooperative user, led to the safe return of the extracted USDC.
3. The issue was fully resolved by December 5, 2023, with no funds lost.
4. Measures have been taken to prevent such occurrences in the future, including introducing an emergency chain pause feature, improving anti-fraud measures at bridges, deploying multisig to our chain, and implementing a proactive anomaly detection system.

For a detailed timeline and in-depth analysis, please refer to the full report available here Impossible Finance Incident Post Mortem