VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
Undisclosed
Root cause
Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.
Forensic narrative
Ethereum-based lending protocol Inverse Finance (INV) said Saturday it suffered an exploit, with an attacker netting $15.6 million worth of stolen cryptocurrency. According to Inverse, the attacker targeted its Anchor money market – artificially manipulating token prices to borrow loans against extremely low collateral.
Primary source
https://www.coindesk.com/tech/2022/04/02/defi-lender-inverse-finance-exploited-for-156-million/ ↗Sourced from
chainsec
Technical record
- chain
- ethereum
- protocol
- Inverse Finance
- bug_class
- unknown
- date_occurred
- 2022-04-02
- loss_usd
- —
- source_id
- cs:inverse-finance::2022-04-02
Related — same bug class