Decentralized finance (DeFi) protocol Impossible Finance has lost as much as $500,000 in user funds during a flash loan attack today. The attack on Impossible Finance’s liquidity pool occurred at around 4:40 AM UTC on June 21 and resulted in a loss of 229.84 ETH (about $0.5 million at the time).
Mudit Gupta, a core developer of SushiSwap, said it was the same type of vulnerability that was exploited in a recent $7.2 million attack on BurgerSwap, another protocol built on the Binance Smart Chain (BSC).
Similar to that incident in May, the hacker launched a flash loan attack to drain Impossible Finance’s liquidity pool with the help of a fake token.
Impossible finance got exploited today for $500k.https://t.co/mzCPRluOjn
Same exploit as the burger swap one:https://t.co/3PkVtn7Hi7
If the original project gets hacked, why don’t the forks react?
— Mudit Gupta (@Mudit__Gupta) June 21, 2021
A flash loan attack is an exploit wherein a hacker takes an uncollateralized loan from a le
Źródło: https://decrypt.co/74105/binance-smart-chain-defi-project-impossible-finance-hacked
