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Wise Lending underwent an exploit, 170 Ether drained to an unverified contract address.
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Oracle price exploit using flash loans emerged as a major reason behind the hack.
Hackers added one more exploit to the list, draining over $440K worth of crypto from Wise Lending, a Web3 lending app, and yield aggregator. On January 12, an unverified contract address ending with d82c was witnessed for draining over 170 Ether along with multiple other tokens. The hackers are expected to manipulate an Oracle price through a flash loan to carry out the hack. Etherescan data and analysis by multiple security experts confirmed the same.
Source: Etherscan
What Actually Happened with Wise Lending?
A post on X by Pseudonymous blockchain security researcher Spreek stirred the crypto community, especially Wise Lending. “Looks like Wise Lending exploited for over 170 ETH”, posted Spreek.
Another researcher revealed the major cause behind the explo
We współpracy z: https://www.thecoinrepublic.com/2024/01/18/another-day-another-hack-wise-lending-suffered-170-eth/
