A new one has been added to the hacker attack cases in the crypto money industry. Conic Finance, one of the leading DeFi projects, announced that it was hacked minutes ago. Operating in the Curve (CRV) ecosystem, the platform has suffered a massive loss of Ethereum.
We are currently investigating an exploit involving the ETH Omnipool and will share updates as soon as they are available.
— Conic Finance (@ConicFinance) July 21, 2023
Conic Finance
“We are currently investigating a vulnerability affecting the ETH Omnipool pool. We will inform you as soon as possible when there is an update.”
Although the DeFi project did not announce how much cryptocurrency it lost as a result of the attack, unofficial sources determined that the attacker stole 1,700 Ethereum. The market value of ETH coins embezzled by the hacker currently hovers around $3.2 million.
More detailed information about the unidentified hacker has not yet emerged. Experts stated that the cybercriminal took advantage of the deficit by making a price manipulation after borrowing from Aave. Conic Finance disabled the ETH Omnipool tool after the attack.
