cryptolinkbase.com

Euler Finance hacked for over $195M in a flash loan attack

Category: Crypto General -> Security

Type: article

https://cointelegraph.com/news/euler-finance-hacked-for-over-195m-in-a-flash-loan-attack

DeFi smartcontract hack. "Euler Finance was exploited in a flash loan attack that drained hundreds of millions of decentralized stablecoins and synthetic ERC-20 tokens." "There appears to be a bug in one of the Euler smart contracts, where it doesnâ??t check for the health factor when executing the donateToReservers() function. "