Rust Fund

AI First Flight #9
Beginner FriendlyRust
EXP
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Submission Details
Severity: high
Valid

Refund Allowed Despite Campaign Goal Being Met

Root + Impact

Description

  • The repo documentation explicitly states that refunds are only allowed if two conditions are met:

    1. The campaign’s deadline has been reached.

    2. The campaign failed to meet its fundraising goal.

  • However, the refund function only checks if the deadline is reached—it does not validate whether amount_raised is less than goal. This is a critical gap in business logic that allows refunds even when the campaign successfully meets or exceeds its target.

// Root cause in the codebase with @> marks to highlight the relevant section
pub fn refund(ctx: Context<FundRefund>) -> Result<()> {
let amount = ctx.accounts.contribution.amount;
if ctx.accounts.fund.deadline != 0 && ctx.accounts.fund.deadline > Clock::get().unwrap().unix_timestamp.try_into().unwrap() {
return Err(ErrorCode::DeadlineNotReached.into());
}

Risk

Likelihood:

  • Highly Likely


Impact:

  • Contributors can request refunds even if the campaign meets its goal, which breaks the core purpose of the fundraising mechanism. Campaign creators will lose funds they were supposed to receive for their project, and the platform will fail to uphold its stated rules. This leads to financial loss for creators and legal/trust issues for the platform.


Proof of Concept

A creator launches a campaign with a goal of 10 SOL and a 30-day deadline.
Contributors donate a total of 15 SOL (exceeding the goal).
The 30-day deadline is reached.
A contributor calls refund—the transaction succeeds because only the deadline is checked.
The contributor receives a full refund of their donation, even though the campaign met its goal.
The creator is left with less than the 10 SOL goal, defeating the purpose of the campaign.

Recommended Mitigation

//Step 1: Add New Error Code
#[error_code]
pub enum ErrorCode {
// Existing errors...
#[msg("Campaign has met its fundraising goal; refunds are not allowed")]
CampaignGoalMet,
}
//Step 2: Update refund function
pub fn refund(ctx: Context<FundRefund>) -> Result<()> {
let fund = &ctx.accounts.fund;
let clock = Clock::get().unwrap();
let current_timestamp = clock.unix_timestamp.try_into().unwrap_or(0);
// Enforce both business logic conditions
require!(
fund.deadline != 0 && fund.deadline <= current_timestamp,
ErrorCode::DeadlineNotReached
);
require!(
fund.amount_raised < fund.goal,
ErrorCode::CampaignGoalMet
);
let amount = ctx.accounts.contribution.amount;
// Rest of the refund logic...
}
Updates

Lead Judging Commences

ai-first-flight-judge Lead Judge 21 days ago
Submission Judgement Published
Validated
Assigned finding tags:

[H-04] Inadequate Refund Conditions

## Description the refund mechanism only verifies that the current time has passed the campaign deadline, without checking whether the campaign has failed to meet its funding goal.This oversight may result in refunds being issued even if the campaign was, in principle, successful, potentially undermining the trust and financial integrity of the platform. &#x20; ## Vulnerability Details The refund function in the contract is designed to return funds to contributors if a campaign fails. However, it only checks whether the campaign deadline has been reached (or passed) before allowing a refund, without verifying if the campaign's funding goal was met. In other words, the function solely relies on a time-based condition and does not incorporate the additional logic required to determine if a campaign has been unsuccessful. **Code Analysis:**\ The refund function contains the following check: ```Rust if ctx.accounts.fund.deadline != 0 && ctx.accounts.fund.deadline > Clock::get().unwrap().unix_timestamp.try_into().unwrap() { return Err(ErrorCode::DeadlineNotReached.into()); } ``` This condition ensures that refunds are only triggered after the deadline has passed. However, there is no subsequent verification that compares `fund.amount_raised` to the `fund.goal` to determine whether the campaign failed to meet its funding target. As a result, even if the campaign has met or exceeded its goal, contributors could potentially request refunds simply because the deadline has passed. ## proof Of Concept ```typescript it("Allows refund on a successful campaign due to missing goal check", async () => { // Define campaign parameters with a near-future deadline (5 seconds from now) const fundName = "refund flaw"; const description = "Test for refund vulnerability on a successful campaign"; const goal = new anchor.BN(1000000000); // 1 SOL goal // Set deadline to 5 seconds from now const deadline = new anchor.BN(Math.floor(Date.now() / 1000) + 5); // Generate PDA for the fund using the campaign name and creator's public key let [fundPDA, fundBump] = await PublicKey.findProgramAddress( [Buffer.from(fundName), creator.publicKey.toBuffer()], program.programId ); // Create the fund campaign await program.methods .fundCreate(fundName, description, goal) .accounts({ fund: fundPDA, creator: creator.publicKey, systemProgram: anchor.web3.SystemProgram.programId, }) .rpc(); // Set the campaign deadline await program.methods .setDeadline(deadline) .accounts({ fund: fundPDA, creator: creator.publicKey, }) .rpc(); // Airdrop lamports to otherUser so they can contribute const airdropSig = await provider.connection.requestAirdrop( otherUser.publicKey, 2 * anchor.web3.LAMPORTS_PER_SOL // e.g., 2 SOL ); await provider.connection.confirmTransaction(airdropSig); // Generate PDA for the contribution account using fund's PDA and otherUser's public key let [contributionPDA, contributionBump] = await PublicKey.findProgramAddress( [fundPDA.toBuffer(), otherUser.publicKey.toBuffer()], program.programId ); // otherUser contributes 1 SOL, meeting the campaign goal const contributionAmount = new anchor.BN(1000000000); // 1 SOL await program.methods .contribute(contributionAmount) .accounts({ fund: fundPDA, contributor: otherUser.publicKey, contribution: contributionPDA, systemProgram: anchor.web3.SystemProgram.programId, }) .signers([otherUser]) .rpc(); // Verify the campaign is successful by checking that amountRaised >= goal let fundBeforeDeadline = await program.account.fund.fetch(fundPDA); expect(fundBeforeDeadline.amountRaised.gte(goal)).to.be.true; // Wait until after the deadline has passed await new Promise((resolve) => setTimeout(resolve, 6000)); // otherUser calls refund despite the campaign being successful // (a correct implementation should disallow this refund) let refundTxSucceeded = true; try { await program.methods .refund() .accounts({ fund: fundPDA, contribution: contributionPDA, contributor: otherUser.publicKey, systemProgram: anchor.web3.SystemProgram.programId, }) .signers([otherUser]) .rpc(); } catch (err) { refundTxSucceeded = false; } // The vulnerability: refund call is erroneously allowed even though the campaign met its goal. expect(refundTxSucceeded).to.be.true; // check the contributor's balance change to further demonstrate the refund was processed. const balanceAfterRefund = await provider.connection.getBalance( otherUser.publicKey ); console.log("Contributor balance after refund:", balanceAfterRefund); }); ``` ## Impact - **Financial Discrepancies:**\ The improper refund mechanism result in successful campaigns losing funds that were meant to be retained by the campaign creator, leading to financial imbalances within the contract. - **Erosion of Trust:**\ Contributors and creators rely on the refund logic to be fair and accurate. The absence of a funding goal check in the refund function erode trust in the platform, as users could experience unexpected fund reversals or disputes over campaign success. - **Operational Risks:**\ Campaigns that meet their funding goals still be subject to refund requests, creating operational inefficiencies and potential disputes between creators and contributors. This undermines the intended crowdfunding model and could deter future participation. &#x20; ## Recommendations Update the refund function to include a check that verifies whether the campaign's funding goal has been met. Refunds should only be processed if both the deadline has passed and the `amount_raised` is below the `goal`.&#x20; &#x20; ```Solidity if ctx.accounts.fund.deadline != 0 && ctx.accounts.fund.deadline > Clock::get().unwrap().unix_timestamp.try_into().unwrap() { return Err(ErrorCode::DeadlineNotReached.into()); } if ctx.accounts.fund.amount_raised >= ctx.accounts.fund.goal { return Err(ErrorCode::CampaignSuccessful.into()); } ```

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