TechFlow news — The DeFi lending protocol responded on its official Twitter regarding the hack, stating that its money market was affected by a capital-intensive manipulation of the INV/ETH price oracle on Sushiswap, which caused a sharp increase in the INV price. Subsequently, the attacker was able to borrow $15.6 million worth of DOLA, ETH, WBTC, and YFI.
In response, the project plans to ensure 100% compensation for all affected wallets, with no intention or need to mint additional INV tokens. Meanwhile, the project encourages the individual behind the price manipulation to contact them via Twitter DM or Discord to discuss a generous bounty in exchange for returning the borrowed funds.
Add to Favorites
Share to Social Media
