Opyn Removes Liquidity From Uniswap After $370K Stolen in DeFi Exploit
Attackers have exploited a vulnerability in the Opyn ETH Put contract to walk away with more than $370,000.
One of the first members of Crypto Twitter to report on the theft, DegenSpartan, stated on Aug. 4 that the traders used flash loans to buy Put oTokens (oETH) from Uniswap. They then reportedly chose an ERC20 token — in this case, USD Coin (USDC) — as collateral and exercised the trading option.
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