Defi Protocol Harvest Finance Hacked for $24 Million, Attacker Returns $2.5 Million

by
Spread the love

Defi Protocol Harvest Finance Hacked for $24 Million, Attacker Returns $2.5 MillionDecentralized finance (defi protocol) Harvest Finance was hacked on Monday for $24 million. The attacker targeted the protocol’s liquidity pools, performing an arbitrage attack using a large flash loan – a type of uncollatarized loan – but later returned $2.5 million. In seven minutes, the hack was complete. Harvest Finance revealed that the hacker “manipulated […]

The post Defi Protocol Harvest Finance Hacked for $24 Million, Attacker Returns $2.5 Million appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico