CoinScoopBlockaid: Flamingo Finance suffers hack, attacker nets approximately $345,900
Flamingo Finance was targeted in a hack where the attacker utilized a Morpho flash loan to borrow $18 million in USDT. By manipulating the price of VaultYUSDT shares through Curve USDP LP staking, the attacker successfully drained liquidity, resulting in a profit of approximately $345,900 in USDT.
Summaries are written by AI from the original article. Not investment advice.