๐จ JUST IN: Float Protocol was just flash-loaned for about $28K.
Float Protocol vแปซa bแป tแบฅn cรดng thรดng qua flash loan, thiแปt hแบกi khoแบฃng $28K (~10.71 ETH).
The attacker manipulated the spot price on Uniswap V3, causing the LP valuation in Hypervisor to be inaccurate.
The root issue is that key functions lack TWAP/oracle validation and slippage protection.
Attacker: โCan I borrow some money?โ
DeFi: โSure.โ
Attacker: โThanks, Iโll manipulate the price real quick.โ ๐
$28K isnโt a major hack, but this is a pretty clear example of how missing price validation can turn a flash loan into a weapon.
Do you think DeFi should prioritize TWAP/oracle protection, or accept the risk to maintain UX and capital efficiency?
#defi #FloatProtocol #uniswap #crypto #FlashLoanAttack