On October 30, 2024, Shoebill Finance on BOB Chain was exploited via an oracle misconfiguration during the integration of new solvBTC assets. The vulnerability created an exploitable condition where attackers could borrow funds with minimal collateral. The attacker transferred 19.512 wBTC and 1.597 tBTC across multiple bridges.

On Oct 31st, Collaterizable Leverage Lending Platform Shoebill Finance experienced a security incident affecting the BTC Market on the BOB chain. The incident stemmed from an unexpected interaction within the oracle configuration during the integration of solvBTC and solvBTC.BBN assets. This interaction inadvertently created an exploitable condition that was leveraged by the attacker through a multi-stage exploit.