Another DeFi exploit took place over the weekend, and this time, there is 4,000 $ETH ($7.5M) compromised! What happened? Read more here -
On the morning of May 28th, another exploit took place, this time taking aim at liquidity platform Jimbos Protocol.According to an update by PeckShield, the hack resulted in a loss of around 4,000 ETH, worth some $7.5 million at the time of the incident.
This hack is due to the lack of slippage control of liquidity-shifting operation – such that the protocol-owned liquidity is invested into a skewed/imbalanced price range, which is exploited in reverse swap for profit.
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