The creators of the Value DeFi project confirmed a “complex attack” on their MultiStables repository, as a result of which an unknown person withdrew $6 million in DAI and USDC stablecoins.
“We are preparing a report and exploring ways to mitigate the consequences of users,” the developers wrote after the incident on Saturday.
The attacker used an instant loan (flash loan) for 80,000 ETH
Aave cryptolanding platform. Such loans are returned within one block of transactions, allowing you not to use collateral.
On Sunday, representatives of the project announced that they had resumed the possibility of partial withdrawal of funds, and also confirmed that the hacker had returned them $ 2 million.
A few days before the incident, the developers of Value DeFi stated that their platform is distinguished by the highest level of security and the best interest rates.
Earlier this week, an unknown hacker carried out an attack using instant loans on the Akropolis DeFi protocol, emptying the YCURVE and sUSD liquidity pools in DAI stablecoins for $2 million.