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DeFi Protocol Inverse Finance Exploited for $1.2M

Attackers used a flash loan attack to drain the open-source protocol outfit of bitcoin and tether.

Updated Apr 9, 2024, 11:43 p.m. Published Jun 16, 2022, 11:57 a.m.
Inverse Finance developers paused borrowing functions for users and said they were investigating the incident. (Shutterstock)
Inverse Finance developers paused borrowing functions for users and said they were investigating the incident. (Shutterstock)