Indexed Finance Pricing mechanism issues: $16.00M Reported Loss
Indexed Finance, a passive income agreement, was attacked, and the affected fund pools included DEFI5 and CC10.
- Reported loss
- $16,000,000
- Attack category
- Pricing mechanism issues
Incident Overview
After the vulnerability was discovered, it triggered protection measures including DEGEN, NFTP, and FFF (including DEFI5 and CC10) fund pools, and was frozen. About half an hour ago, Indexed Finance officially stated that the root cause of the attack has been determined. The two index token fund pools, DEGEN and NFTP, have resumed normal operation, while the FFF pool is still in a frozen state. Officials stated in Discord that the damage caused by this attack was about 16 million U.S. dollars.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.