Nearly $20 million stolen from the DeFi protocol Pickle Finance

Tanya reports:

Another liquidity mining project fell victim to the hack attack and lost about $20 million of users’ funds in DAI tokens. The attacker exploited the vulnerability of Pickle Finance smart contract called DAI PickleJar using fake swaps.

Notably, the hacker chose to avoid a flash loan scheme used in most similar incidents recently. Instead, they deployed a malicious jar and passed in fake swaps.

Read more on FXStreet.

About the author: Dissent

Comments are closed.