Origin Defi Protocol Suffers Massive Flash Loan Attack- OUSD Stablecoin Value Plunges 85%

Origin Defi Protocol Suffers Massive Flash Loan Attack- OUSD Stablecoin Value Plunges 85%


The OUSD stablecoin issuer, Origin Protocol is the latest Defi protocol to fall victim to a flash loan attack. The attack, which occurred in the early hours of Tuesday, on November 17, resulted in the disappearance of tokens worth millions of dollars. Confirming the attack, one of the project’s leaders say they are now working with exchanges in order to identify the attacker, as well as to freeze the tokens before they are liquidated.

Funds Located

Trending: Breaking News: Over 6,000 False Biden Votes Discovered in Arizona Ballot Count Upload Error (Lead dips under 5,000)

The Origin Protocol attack follows a similar incident at Value Defi on November 14 where the criminals stole $6 million worth of tokens. Explaining the attack in a blog post, Origin Protocol Co-founder Matthew Liu insists the stolen funds have been traced to a wallet, which the team is monitoring.

He also reveals that the attacker “used both Tornado Cash and Renbtc to wash and move funds.” According to Liu, there is “still 7,137 ETH

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Send this to a friend