Logic error, token issuance
ForceDAO, a shiny new decentralized finance (DeFi) project, got attacked by five hackers this morning, reviving concerns around the highly experimental sector and the seemingly unending amounts of money flowing into hours-old projects. The DeFi quantitative hedge fund Force DAO posted a blog stating that it was responsible for the previous attack and has implemented procedures to ensure that any such incidents are mitigated in the future. A total of 183 ETH (about 367,000 U.S. dollars) worth of FORCE tokens were exhausted and liquidated in this attack. Force DAO said there will be snapshots and new tokens. Force DAO has begun an internal reorganization and will announce a plan in the next few days to make up for the affected FORCE holders and LPs. Five hackers were involved but one was a white hat hacker whom returned the taken funds.
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