Logic error, fake currency
A major decentralized finance (DeFi) protocol, farming project Pickle Finance has been exploited today to the tune of $20 million. The attack transpired roughly two hours ago, and ETH-savvy Twitter users were quick to notice that pickle’s cDAI jar — Pickle’s term for a yield-bearing vault — had been emptied of 20 million DAI tokens in deposits. Unlike other recent attacks however, this particular exploit did not feature flashloans — an increasingly maligned DeFi tool that allows would-be exploiters additional liquidity with which to manipulate on-chain prices. Instead, this hacker swapped funds between a malicious copycat contract and the cDAI jar.
According to Peckshield, ~1800 ETH was laundered through Tornado.cash - https://twitter.com/PeckShieldAlert/status/1523120194918383616?s=20&t=zkmyTwVWbL-Czmr8zipxBg
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