Inverse Finance exploited again for $1.2M in flashloan oracle attack By Cointelegraph
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Inverse Finance exploited again for $1.2M in flashloan oracle attackJust two months after losing $15.6 million in a price oracle manipulation exploit, Inverse Finance has again been hit with a flashloan exploit that saw the attackers make off with $1.26 million in (USDT) and Wrapped (WBTC).
Inverse Finance is an based decentralized finance (DeFi) protocol and a flashloan is a type of crypto loan that is usually borrowed and returned within a single transaction. Oracles report outside pricing information.
How the latest attack went down
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Inverse Finance exploited again for $1.2M in flashloan oracle attackJust two months after losing $15.6 million in a price oracle manipulation exploit, Inverse Finance has again been hit with a flashloan exploit that saw the attackers make off with $1.26 million in (USDT) and Wrapped (WBTC).
Inverse Finance is an based decentralized finance (DeFi) protocol and a flashloan is a type of crypto loan that is usually borrowed and returned within a single transaction. Oracles report outside pricing information.
How the latest attack went down
Continue Reading on Coin Telegraph
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