Flamincome — Spot Price Manipulation
Flamincome experienced spot price manipulation, leading to a loss of $595,000 on the Ethereum network.
DeTracker Security Feed
$16.0B lost this week $18.3B lost in 30 days $112.2B lost this year
🚨Blockaid exploit detection system detected an exploit on old Flamincome contracts by @FlamingoFinance. Attacker flashloaned ~$18M USDT, inflated VaultYUSDT share price by staking USDP LP into Strategy, then redeemed liquid aUSDT. ~$345.9k USDT attacker profit so far. 🧵
Blockaid detected an exploit on old Flamincome contracts by Flamingo Finance. An attacker used a flash loan of approximately $18M USDT, inflated the VaultYUSDT share price, and redeemed liquid aUSDT, resulting in about $345.9k USDT profit so far.
Source: Blockaid (opens in a new tab)