Flamingo Finance attacked via Morpho flash loan, hacker made $345,900
- —An $18 million USDT Morpho flash loan was used for the manipulation
- —Curve USDP LP was deposited into Strategy to inflate the VaultYUSDT price
- —The hacker withdrew aUSDT and locked in a $345,900 profit
Why it matters: Another exploit via manipulation of a vault share price is a reminder of the risks in DeFi protocols that use flash loans.
Source: PANews