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floatprotocol
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🚨 JUST IN: Float Protocol was just flash-loaned for about $28K.
Float Protocol vừa bị tấn công thông qua flash loan, thiệt hại khoảng $28K (~10.71 ETH).
The attacker manipulated the spot price on Uniswap V3, causing the LP valuation in Hypervisor to be inaccurate.
The root issue is that key functions lack TWAP/oracle validation and slippage protection.
Attacker: “Can I borrow some money?”
DeFi: “Sure.”
Attacker: “Thanks, I’ll manipulate the price real quick.” 💀
$28K isn’t a major hack, but this is a pretty clear example of how missing price validation can turn a flash loan into a weapon.
Do you think DeFi should prioritize TWAP/oracle protection, or accept the risk to maintain UX and capital efficiency?
#defi #FloatProtocol #uniswap #crypto #FlashLoanAttack
Float Protocol vừa bị tấn công thông qua flash loan, thiệt hại khoảng $28K (~10.71 ETH).
The attacker manipulated the spot price on Uniswap V3, causing the LP valuation in Hypervisor to be inaccurate.
The root issue is that key functions lack TWAP/oracle validation and slippage protection.
Attacker: “Can I borrow some money?”
DeFi: “Sure.”
Attacker: “Thanks, I’ll manipulate the price real quick.” 💀
$28K isn’t a major hack, but this is a pretty clear example of how missing price validation can turn a flash loan into a weapon.
Do you think DeFi should prioritize TWAP/oracle protection, or accept the risk to maintain UX and capital efficiency?
#defi #FloatProtocol #uniswap #crypto #FlashLoanAttack
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