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The cryptocurrency platform @_WOOFi was exploited for approximately $8 million on Arbitrum due to a price manipulation attack, resulting in a loss of $8.5 million. The attacker utilized flash loans and flawed price calculations in the WooPPV2 contract. The exploit was contained within 13 minutes, and the contract was paused for further investigation.
🧙♂️ $1,572,378 left @_WOOFi Exploiter 1 and 2 towards the address: 0xe874ae1a218c1a0d9983c908b587f029278b1c69 and 0x9961190b258897bca7a12b8f37f415e689d281c4 where they were transferred to the Ethereum mainnet using @StargateFinance. 🔓The next destination was the address:… https://t.co/AUzByUSJCT
#PeckShieldAlert #Phishing An address 0x19ff...5805 has fallen victim to a phishing, resulting in a loss of 20.1K $OLAS (worth ~$114.4K) https://t.co/VVGqb7aszy
Yesterday, @_WOOFi got taken for a $8.5 Million ride, after a flash loan attack on Arbitrum. The attacker exploited Woofi’s novel oracle design and low liquidity. Sounds like a wild ride, doesn't it? https://t.co/Z9bkiENfJN https://t.co/50wA5Y9C5I
