2 years ago
A flash indebtedness onslaught launched against New Free DAO (NFD) has drained $1.25 cardinal from the protocol and caused its token terms to clang by 99%.
Blockchain information firm Certik raised an alarm astir the onslaught via Twitter connected Sept. 8. The attacker manipulated NFD’s “addMember()” relation to adhd himself arsenic a member, which gave him entree to usage the unverified declaration to execute 3 flash loans.
New Free Dao – $NFD was exploited via flash indebtedness onslaught gaining the attacker 4481 WBNB (approx. ~$1.25M) causing the token to gaffe successful terms 99%.
The attacker has connections to Neorder – $N3DR onslaught from 4 months agone wherever they took 930 BNB astatine the time. pic.twitter.com/5Rcht3YiIK
— CertiK Alert (@CertiKAlert) September 8, 2022
The attacker was capable to get 4481 WBNB and swapped it for NFD tokens amounting to $1.25 cardinal which forced the token terms to clang by 99%.
About $500,000 is said to person been swapped to BUSD and being laundered through sanctioned mixing protocol Tornado Cash.
Attackers instrumentality to Avalanche
In little than 24 hours, the crypto assemblage had to conflict 2 flash indebtedness attacks, including that of Avalanche.
On Sept. 7, a flash indebtedness onslaught connected the Avalanche blockchain wiped disconnected $370,000 USDC from protocols gathering connected the network.
CertiK Skynet has reported a #flashloan onslaught connected #AVAX impacting declaration 0xe767c… & immoderate LPs. The attacker profited ~$370k USDC.
Possible impacted protocols include:@nereusfinance @traderjoe_xyz @CurveFinance
Contact america for analysis.
Stay Frosty!
pic.twitter.com/bZvtgVPpl4
— CertiK Alert (@CertiKAlert) September 7, 2022
The station New Free DAO crashes 99% aft $1.25M flash indebtedness attack appeared archetypal connected CryptoSlate.
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