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Origin Protocol Loses $3.25M in Latest Flash Loan Attack

Amy Liu

Summary: According to CoinGecko, blockchain project Origin Dollar has sustained an oracle manipulation attack worth $2.25 million in dai (DAI) and $1 million in ether (ETH) .The project’s native token, Origin Dollar, is down 36% on the day. Flash loans enable investors to take out large sums of funds to use as leverage in DeFi trading. ...

According to CoinGecko, blockchain project Origin Dollar has sustained an oracle manipulation attack worth $2.25 million in dai (DAI) and $1 million in ether (ETH) .The project’s native token, Origin Dollar, is down 36% on the day. Flash loans enable investors to take out large sums of funds to use as leverage in DeFi trading. Aave founder Stani Kulechov said, "If you are a protocol developer, start reviewing your code NOW to avoid similar flash loans vulnerabilities."

By Amy Liu

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Link: Origin Protocol Loses $3.25M in Latest Flash Loan Attack   [Copy]
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