A flash loan exploit targeted Nereus Finance, an Avalanche-based lending protocol, resulting in losses amounting to over $300K.
Avalanche Flash Loan Exploit
USD Coin (USDC) worth $371,000 was siphoned off from Nereus Finance through a smart...
The scammer deployed a custom smart contract, leveraging a $51 million flash loan to manipulate the AVAX/USDC Trader Joe LP pool price for a single block.
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