$197M HACKED from DeFi Lender Euler Finance! Learn How To Protect Your Crypto Funds Now!
Hi there QED crypto news viewers I’m Grace and I’ve got some breaking news for you so it looks like defy lender oil of Finance has been hit with a flash loan attack ouch that’s gotta hurt now reports are saying that the attacker made off with at least 197 million dollars in assets
Yep you heard that right 197 million dollars that’s no small chunk of change it seems that the attacker used flash loans to NAB a variety of assets now for those of you who don’t know what a flash loan is and let’s be honest most of us don’t it’s basically a type of
Loan that allows you to borrow money without any collateral sounds too good to be true well in this case it certainly was we’ll keep you updated as more information becomes available until then stay tuned to QED crypto news for all your crypto related news and updates
Source:https://decrypt.co/123293/defi-lender-euler-finance-hit-flash-loan-attack
News:Hi there, Q.E.D CryptoNews viewers! I’m Grace, and I’ve got some breaking news for you. So, it looks like Defi lender Euler Finance has been hit with a flash loan attack. Ouch! That’s gotta hurt.
Now, reports are saying that the attacker made off with at least $197 million in assets. Yep, you heard that right – $197 million! That’s no small chunk of change!
It seems that the attacker used flash loans to nab a variety of assets. Now, for those of you who don’t know what a flash loan is (and let’s be honest, most of us don’t), it’s basically a type of loan that allows you to borrow money without any collateral. Sounds too good to be true? Well, in this case, it certainly was.
We’ll keep you updated as more information becomes available. Until then, stay tuned to Q.E.D CryptoNews for all your crypto-related news and updates!
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