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Dough Finance loses $1.8M in flash loan attack

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Security provider Olympix urged Dough Finance users to withdraw their funds to a secure wallet.

Decentralized finance protocol Dough Finance lost $1.8 million in digital assets after a flash loan attack on the protocol.that they had detected multiple suspicious transactions. The company communicated with lending protocol Aave to check if pools were affected. However, the security firm confirmed that pools within Aave were safe.

Despite this, Dough Finance suffered the brunt of the attack. According to Cyvers, the attacker was funded through the zero-knowledge protocol Railgun and swapped the stolen USD Coin and security keys.

 

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