Arbitrum-based decentralized finance (DeFi) protocol Jimbos Protocol lost 4,090 Ethereums (ETH) as a result of the attack, while native token JIMBO dropped more than 40%.
On-chain security platform PeckShield 28 May Posted on his official social media account on in the post, One of the Jimbos Protocol flash loan reported that he was attacked. It took place just a few days after Jimbos Protocol’s V2 upgrade, and in total 7.5 million worth a dollar 4,090 ETH local token after the attack that caused loss JIMBO, $0.3176 dollars from the level $0.1810 regressing 40% of on experienced a decline.
According to the information given, the attack is an effective operation of the protocol. slip protection due to its absence. Attackers are common in the DeFi industry. flash credit attack used the method. stolen funds, Stargate (STG) bridge And Celer Network (CELR) using Arbitrum removed from the network.
The team said they were aware of what had happened shortly after the attack, and Euler Finance who saved $200 million in funds in the attacks security experts are working with reported. Jimbos also today to 19:00 CET overcome the situation failure to come in case of law enforcement He added that they will start working with
with various cryptocurrencies supported semi-stable issue a cryptocurrency project working on Jimbos Protocol, During the first release, various technical errors because of after being published After a short time was disabled for user access.
