Security· ★★· bearish·

Likwid Exploit: 74.31 BNB Lost Due to Margin Position Vulnerability

  • Likwid lost 74.31 BNB due to an exploit in the margin position contract
  • Cause was a flaw in collateral handling and the borrowing loop
  • The attacker repeated the margin/borrow cycle without changing the AMM price
  • The incident was recorded in a SlowMist alert
Why it matters: Another DeFi exploit highlights the risks of unaudited contracts and could weaken trust in margin protocols.
Source: Coinfomania