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Uniswap Volumes Bump to $2 Billion After Attack on DeFi Project Harvest Finance

Amy Liu

Summary: Harvest Finance, a decentralized finance (DeFi) project led by an anonymous team, was attacked using a flash loan exploit earlier today leading to millions of dollars worth of FARM tokens stolen by hackers and its prices falling over 60% at press time. The Block director of research Larry Cermak noted on Twitter that the exploits ...

Harvest Finance, a decentralized finance (DeFi) project led by an anonymous team, was attacked using a flash loan exploit earlier today leading to millions of dollars worth of FARM tokens stolen by hackers and its prices falling over 60% at press time.

The Block director of research Larry Cermak noted on Twitter that the exploits led to a temporary resurgence of trading volume on decentralized exchange protocol Uniswap. Uniswap's volume just had a massive outlier and spiked from $148M yesterday to $2 billion today.

By Amy Liu

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Link: Uniswap Volumes Bump to $2 Billion After Attack on DeFi Project Harvest Finance   [Copy]
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