According to on-chain data, as per the last update, the exploiter carried out multiple transactions, stealing nearly $196 million. The ongoing attack has already become the largest hack of 2023. The breakdown of stolen funds is as follows:to another crypto analytic firm Meta Seluth, the attack correlates with the deflation attack one month ago. The attacker used a multichain bridge to transfer the funds from the BNB Smart Chain to Ethereum and launched the attack today.
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Based
New Info 🔍A detailed analysis of the attack by blockchain security firm Slowmist indicates that the attacker used flash loans to deposit funds and then leveraged them twice to trigger liquidation. The exploiter donated the funds to the reserved address and conducted a…
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Shit like this is why crypto struggles with broader adoption.
perfect!
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