December 7, 2022

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Avalanche flash loan attack leads to loss of $371k in USDC

Avalanche flash loan attack leads to loss of $371k in USDC
<a href="https://www.tronweekly.com/avalanche-flash-loan-attack-loss-of-371k-usdc/" title="Avalanche flash loan attack leads to loss of $371k in USDC" rel="nofollow"><img width="300" height="182" src="https://ethereumreader.com/wp-content/uploads/2022/09/avalanche-flash-loan-attack-leads-to-loss-of-371k-in-usdc.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="avalanche" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" link_thumbnail="1" srcset="https://ethereumreader.com/wp-content/uploads/2022/09/avalanche-flash-loan-attack-leads-to-loss-of-371k-in-usdc.jpg 300w, https://ethereumreader.com/wp-content/uploads/2022/09/avalanche-flash-loan-attack-leads-to-loss-of-371k-in-usdc-1.jpg 1024w, https://ethereumreader.com/wp-content/uploads/2022/09/avalanche-flash-loan-attack-leads-to-loss-of-371k-in-usdc-2.jpg 768w, https://ethereumreader.com/wp-content/uploads/2022/09/avalanche-flash-loan-attack-leads-to-loss-of-371k-in-usdc-3.jpg 1536w, https://www.tronweekly.com/wp-content/uploads/2022/09/nicolas-cool-Cd2QnIKU6dk-unsplash-2048x1243.jpg 2048w" sizes="(max-width: 300px) 100vw, 300px" title="Avalanche flash loan attack leads to loss of $371k in USDC 1"></a>In the wee hours of Tuesday, a flash loan attack was carried out using the Avalanche network. A specific smart contract as well as a number of liquidity providers were the targets of the attack. According to blockchain cybersecurity company CertiK, the attacker made $370,000 in gains. A flash loan attack is a misuse of […]

avalancheIn the wee hours of Tuesday, a flash loan attack was carried out using the Avalanche network. A specific smart contract as well as a number of liquidity providers were the targets of the attack. According to blockchain cybersecurity company CertiK, the attacker made $370,000 in gains. A flash loan attack is a misuse of […]

Source: tronweekly.com