Digital Asset
Intelligence
Security Incident · Avalanche Ecosystem

Nereus Flash Loan Attack

·Historical incident record

Incident Overview

The project Nereus Finance on AVAX was attacked. The attacker made a profit of about 371,000 USDC by using the classic flash loan attack mode, namely "flash loan -> skew reserve -> fake LP token pricing -> repay the flash loan".

Sources & References

Original incident referencehttps://medium.com/nereus-protocol/post-mortem-flash-loan-exploit-in-single-nxusd-market-343fa32f0c6 (opens in a new tab)

This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.

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