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coinpedia 2024-03-29 11:27:50

Lava Lending Exploited By Flash Loan Attack; Crypto Worth $340K Stolen

The post Lava Lending Exploited By Flash Loan Attack; Crypto Worth $340K Stolen appeared first on Coinpedia Fintech News A major decentralized lender, Lava Lending, was the latest target of a sophisticated hack, which eventually led to a loss of about $340,000 worth of cryptocurrencies. Although the vulnerability was directed to different contract categories like UST, wstETH, UDSC.e and USDC, the platform quickly answered the problem. ⚠️ Firefighters are looking into a reported exploit. …

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