The post WOOFi Swap Hack: Flash Loan Exploit Steals $8.5 Million in WOO Tokens appeared first on Coinpedia Fintech News
Hackers executed a sophisticated attack on the sPMM algorithm, the heart of WOOFi Swap’s price mechanism on the Arbitrum network on March 5th. Employing a clever pattern of flash loans, they deftly manipulated the value of WOO tokens, driving it perilously close to zero. But swift action from the WOOFi team, within a mere 13 …
