Decentralized finance (DeFi) protocol 0VIX was attacked with $2 million worth of flash loans.
DeFi protocol 0VIX, Polygon (MATIC) Flash loan attacked on proof of stake network. Stargate Finance The attacker who took action before the bridging procedure between the Ethereum (ETH) mainnet and the 2 million dollars worth of cryptocurrencies. Among the stolen assets 1.45 million USDC, 58 thousand USDT, 9,500 GHST took place.
Strangely enough, with the attack %27 rising GHST, $1,124 from the level $1,440 reached until. Then pull back in minutes living GHST, at the time of writing from $1,123 is being traded.
Attacker converted all assets to Ethereum
In total, all the assets he acquired shortly after the offensive flash loan attack 1,070 Converted to Ethereum. 0VIX the total locked-asset (TVL) value of the protocol before the exploit 6.4 million was dollars. This figure increased as investors who panicked after the attack quickly pulled their assets. $1.7 million fell down.
Making a statement on the subject, the 0VIX team stated that the attack took place only on the POS network and that the work with the security teams regarding the details of what happened is continuing:
We are working with security partners to understand the current situation. As a result, the POS and zkEVM markets are paused; this includes oToken transfers, printing and liquidations. Currently only POS is affected but zkEVM is paused as a precaution and will likely be re-enabled shortly.