Flash loans allow users to borrow a high amount of assets without having to provide any upfront collateral, this is often used by miscreants to launch attacks on DeFi protocols.
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.
NFT marketplace Magic Eden noted that it “seems to be a widespread SOL exploit at play" and called on users to revoke permissions for any suspicious links in their Phantom wallets.
CoinCheckup отслеживает 40 000 криптовалют на 400 биржах, предлагая актуальные цены, прогнозы цен и финансовые инструменты для трейдеров криптовалют, акций и форекс.
