“Saddest Hack in Crypto”: Value DeFi Hacked for $6 Million – Decrypt
https://decrypt.co/48256/saddest-hack-in-crypto-value-defi-hacked-for-6-million
My readers, do not “FLUSH”, OOPS, i mean, do not FUD, here are the FLASHLOANS, oops, flashlights, oops, i mean HIGH VALUE DEFINITION POINTS…
The usual: some community members still in a daze from the attack, and others rushing to put out the FUD—Fear Uncertainty and Doubt. The Discord chat is currently a mess. It appears as though the attack was down to a flash loan.
The MultiStables Vault was supposed to have the following advantages: “1) Flash-loan attack prevention 2) Fake-token attack prevention 3) Re-entrance attack prevention.” It turned out to have none of those.
“The team are a bunch of great guys, the community management was about the best I’ve seen…they hired community members, promoted community artwork, and made fantastic progress every week. I doubt they’ll give up after this but it’s sad to see the community torn apart.”
edewlogics.com 