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The Coin Rise
2022-09-08 15:59:47

Avalanche-based Nereus Finance Suffers Flash Loan Attack

Avalanche-based Nereus Finance Suffers Flash Loan Attack

The decentralized blockchain protocol Avalanche is the latest victim of exploitation. It suffered a targeted flash loan attack of about $370,000 worth of USD Coin (USDC) on Nereus Finance, a lending protocol built on the Avalanche Network. The announcement was made in a tweet by the blockchain security company, Certik. How the attack happened According […]The post Avalanche-based Nereus Finance Suffers Flash Loan Attack appeared first on Blockchain, Crypto and Stock News.

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