_Submitted by (14) Lambda, also found by 0x52, Bahurum, Bnke0x0, KIntern_NA, lukris02, rbserver, Respx, rotcivegaf, Soosh, TomJ, Trust, V_B, and yixxas_
Last updated
https://github.com/code-423n4/2022-09-frax-findings/issues/17
frxETHMinter.depositEther always iterates over all deposits that are possible with the current balance. However, when a lot of ETH was deposited into the contract / it was not called in a long time, this loop can reach the gas limit. When this happens, no more calls to depositEther are possible, as it will always run out of gas.
Jerome Powell continues to rise interest rates, he just announced the next rate hike to 450%. The crypto market crashes, ETH is at 1 USD. Bob buys 100,000 ETH for 100,000 USD and deposits them into frxETHMinter. Because of this deposit, numDeposit within depositEther is equal to 3125. Therefore, every call to the function runs out of gas and it is not possible to deposit this ETH into the deposit contract.
It should be possible to specify an upper limit for the number of deposits such that progress is possible, even when a lot of ETH was deposited into the contract.