A recent suspicious transaction caused around $2,40,000 in losses, initially reports suggested Inverse Finance users were affected, but the losses were due to an sDOLA price manipulation that triggered multiple liquidations. The incident was first reported by BlockSec Phalcon in its X platform on March 2. As it said, “As
Flash loans are a sort of crypto loan often obtained and reimbursed in a single transaction. The attackers could convert 99,976 USDT and 53.2 wBTC into ETH. For the second time in two months, Inverse Finance has been the victim of a pricing oracle manipulation scam that resulted in the
The attacker injected money into multiple trading pairings. Ola Finance reported it had been hacked for $3.6 million. Inverse Finance (INV), an Ethereum-based lending system, said on Saturday that it had been hacked and that an attacker had made off with $15.6 million in cryptocurrencies. On Inverse’s Anchor (ANC) money
Hackers used INV as collateral to get loans and deplete the protocol. Inverse Finance is powered by the Ethereum token Inverse Finance (INV). Ethereum’s newest protocol, Inverse Finance, has just been the victim of a multi-million dollar attack. An attack took advantage of Inverse Finance, a stablecoin system that focuses
