Decentralized finance protocol Conic Finance said Friday that it had suffered an exploit that allowed an attacker to grab over 1,700 ether , worth over $3.6 million at current prices, that affected one of its Omnipools.
Conic Finance, which went live on March 1, allows users to deposit tokens into its Omnipools, a new product that diversifies exposure across the Curve ecosystem while increasing rewards. The protocolin capital shortly after going live, suggesting huge demand for such a product.
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