Euler finance was exploited for $200 million!
WHY IT MATTERS: The decentralized finance (DeFi) lending protocol suffered an exploit that resulted in almost $200 million being lost. The losses occurred over four transactions in $DAI$, $BTC$, sETH and USDC after the attacker conducted a flash loan attack.
Flash loans, which allow DeFi users to borrow millions of dollars against zero collateral, is a loan that must be repaid before the transaction ends or the smart contract reverses the transaction.
Stay safe at Gate kids![惊恐][惊恐][惊恐]