News Formal

Inverse Finance DeFi Drained, Here's What's Special About This Hack

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

.InverseFinance DeFi protocol attacked, with $1.26 million in $ETH lost, peckshield says

To initiate the attack, the hackers utilized price oracles' manipulation. The oracles calculate LP asset prices using data about the amount of assets in this or that liquidity pool.

For this manipulation, attackers leveraged Aave's flash loan in Curve Finance and borrowed Inverse Finance's asset, DOLA, at an extremely low price. Then, DOLA was exchanged to USDT to repay the initial loan.As a result, hackers managed to move 1,000 Ethers to Tornado Cash transaction obfuscating service. Also, 68 ETH sit in the attacker's account.

Also, PeckShield revealed that the hack may have been performed by a bot that front-runs the"original attack." However, DeFi veteran Banteg, contributor of Yearn.Finance, highlights that the bot would have never cashed out the money so quickly.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 295. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Inverse Finance drained for $1.2 million in a flash loan attackAn unknown perpetrator executed a flash loan attack against Inverse Finance using 27,000 wrapped bitcoin. vishal4c 👏👏👏👏👏👏👏 vishal4c has started spread to other projects vishal4c inversebrah
출처: TheBlock__ - 🏆 464. / 53 더 많은 것을 읽으십시오 »