DeFi
Decentralized-finance protocol 0VIX has misplaced roughly $2 million in a flash-loan exploit, in line with on-chain knowledge on Polygon’s block explorer.
A complete of 1.45 million USDC, together with different tokens, was stolen earlier than being bridged to the Ethereum mainnet on Stargate Finance, the place it was ultimately swapped for ether (ETH).
The protocol had $6.4 million in complete worth locked earlier than the exploit. That determine has now slumped to $1.7 million as buyers quickly withdrew their capital.
That is the newest in a collection of crypto exploits, with ZkSync-based decentralized alternate Merlin struggling a $2 million rug pull on Wednesday.
0VIX confirmed the assault on Twitter, stating that it’s “working with its safety companions to look into the present state of affairs.”
“Solely POS has been at present affected however zkEVM has been paused as a precaution and can seemingly be enabled shortly once more,” it added.
Learn extra: DEX Merlin and CertiK Plan to Compensate $2M to Customers Impacted in Rug Pull
