Value DeFi project lost $ 5.4 million in DAI stablecoin due to exploit The Value DeFi project came under attack this Saturday, losing $ 7.4 million in DAI stablecoin.

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Value DeFi project lost $ 5.4 million in DAI stablecoin due to exploit

Value DeFi Project Attacked This Saturday, Loosing $ 7.4M in DAI Stablecoin.

The attacker used an instant loan of 80,000 ETH using the Aave platform. Subsequently, he returned Value DeFi 2 million DAI, as a result of which the damage from the attack dropped to $ 5.4 million..

The day before, Value DeFi wrote on Twitter that their platform is protected from attacks of this type. This post has been removed by the time of publication. The hacker left a message to the developers on the Ethereum blockchain, sending the following message from the address where DAIs are currently located: "Do you really know about instant loans?"

The developers of Value DeFi, for their part, confirmed the attack. “We are currently preparing a report and are considering ways to reduce the impact on users,” they added..

Value DeFi's Own Token Price Down 17% Amid Today's Announcement.

Not long before that, as a result of an attack of $ 2 million in DAI, the DeFi project Akropolis lost.

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