Dough Finance Falls Victim to $1.8M Flash Loan Attack
Dough Finance, a DeFi protocol, misplaced $1.8 million in digital property as a result of a flash mortgage assault. The attacker exploited unvalidated name information, stealing 608 ETHEther (ETH) is used to pay for computation and token swaps on Ethereum. Customers “gasoline” good contracts and DApps with ETH.. Web3 safety agency Cyvers detected the incident on July 12 and confirmed Aave’s swimming pools had been safe. The attacker used the ZK protocol Railgun to fund the assault, swapping stolen USDC for ETHEther (ETH) is used to pay for computation and token swaps on Ethereum. Customers “gasoline” good contracts and DApps with ETH.. This highlights the vulnerabilities in DeFi and the necessity for strong safety measures to guard digital property.