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%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

.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.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 295. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

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
Источник: TheBlock__ - 🏆 464. / 53 Прочитайте больше »