The Conic Finance platform has been compromised!
posted 21 Jul 2023
This platform, crafted to stabilize liquidity pools within the Curve DeFi protocol, has fallen victim to a hacker who made off with 1700 ETH, a haul worth $3.2 million.
The culprit leveraged a re-entrancy vulnerability and manipulated a malfunctioning price oracle to achieve this.
The Conic Finance team has disclosed that this particular exploit is solely connected to the ETH Omnipool.
The culprit leveraged a re-entrancy vulnerability and manipulated a malfunctioning price oracle to achieve this.
The Conic Finance team has disclosed that this particular exploit is solely connected to the ETH Omnipool.