Paidun: The jimbos protocol attack was caused by a lack of slippage control over liquidity transfer operations

According to PeckShield analysis, the jimbos protocol hacking incident was due to the lack of slippage control over liquidity transfer operations, which resulted in the liquidity owned by the protocol being invested in a skewed/unbalanced price range, which was used for reverse swaps to make profits.

Earlier today, it was reported that Jimbos protocol was hacked, with cumulative losses reaching 4,090 ETH (about US$7.5 million).