Nirvana ANA Novice

Japan’s Nomura bank to offer cryptocurrency trading for institutional clients in 2023. The bank intends to provide clients with crypto trading, DeFi, stablecoins, and NFTs. Several Japanese financial institutions are making a foray into Web3....

Solana [SOL] algorithmic stablecoin, Nirvana was recently the subject of a $3.5 million exploitation. On Thursday (28 July), it announced via its official Twitter page that it had lost some of its reserves to a flashloan attack. What we know so far:...

Nirvana Finance, an adaptive yield platform, was hit yesterday in a flash loan attack that drained over $3.5 Million from its protocol. Cybersecurity audit firm CertiK analysis has revealed how the attacker first took out a loan of $10,250,000 USDC...

The $3.5 million flash loan attack Solana-based Nirvana Finance saw the price of its stablecoin NIRV and native token ANA fall around 85% apiece.

Following the exploit, the price of its stablecoin - the native ANA token - plunged by 99%. 

Prices of the protocol’s ANA tokens fell nearly 80% following the attack.