Warp Finance Flash Loan Attack: $7.70M Reported Loss
DeFi portal DefiPrime said on Twitter this morning that at 06:34 on December 18th, Beijing time, the liquidity LP token mortgage loan DeFi agreement Warp Finance suffered a lightning loan attack and about 8 million US dollars were stolen.
- Reported loss
- $ 7,700,000
- Attack category
- Flash loan attack
Incident Overview
In addition, Warp Finance officials also tweeted that they are investigating illegal stablecoin loans that were lent in the last hour, and recommend not to deposit stablecoins until the official finds out the violation.Afterwards, Warp Finance issued a statement regarding the lightning loan attack. It is said that lightning loan attackers can steal up to US$7.7 million worth of stablecoins, but the Warp Finance team has formulated a plan to recover approximately US$5.5 million worth of stablecoins still in the mortgage vault. The US$5.5 million will be The proportion is distributed to users who have suffered losses.
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.