Incident Overview
The Value DeFi protocol was attacked by a flash loan on Saturday. It is reported that the attacker borrowed 80,000 ETH from the Aave protocol, executed a lightning loan attack, and arbitrage between DAI and USDC. After the attacker used $7.4 million DAI, he refunded $2 million to Value DeFi and retained $5.4 million. In addition, the attacker left a mocking message to the Value DeFi team: "Do you really understand lightning loans?" Value DeFi claimed on Twitter on Friday that it has the function of preventing lightning loan attacks. After inquiry, the tweet no longer exists. Subsequently, the Value DeFi team tweeted to confirm that its MultiStables vault had been subjected to "a complex attack with a net loss of 6 million US dollars.
Sources & References
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.