Sign-in for offers and discounts from brands you view Sign in

Avalanche DeFi Staking Platform Suffers Flash Loan Attack

Channel Image

Published on Sep 8, 2022 Avalanche DeFi Staking Platform Suffers Flash Loan AttackAvalanche-based DeFi staking platform – Nereus Finance – suffered a flash loan arbitrage attack. Decentralized exchange (DEX) Trader Joe and DeFi platform Curve Finance are also believed to have been impacted by the event that was executed around 3:26 pm ET on September 6.
Both Avalanche and Nereus are yet to release an official statement regarding the exploit. Uphold Head of Research Dr. Martin Hiesboeck cited on-chain data from Snowtrace that revealed the attacker launched the exploit with a $51 million flash loan.
These funds were then used to execute a flash loan attack that manipulated token pricing on the...


Share Video

  • 560 x 315
  • 640 x 360
  • 853 x 480
  • 1280 x 720

Add to

Flag Video

Rate video

Rate video

Up next