Inverse Finance: The DOLA Fed Loses $860,000 As A Result Of the Euler Attack
On March 14, an Euler Attack resulted in a staggering loss of $860,000 for DOLA Fed, which was reported today. Inverse Finance, a DeFi lending agreement, tweeted: “Euler assault hit the DOLA-bb-e-USD pool on Balancer. Despite the fact that prompt action minimized 90% of the damage, DOLA Fed is This pool sustained a loss of up to $860,000, minus rewards points. We will be collaborating with Balancer to collect the remaining cash.”
Inverse Finance, a DeFi lending agreement, tweeted: “Euler assault hit the DOLA-bb-e-USD pool on Balancer. Despite the fact that prompt action minimized 90% of the damage, DOLA Fed is This pool sustained a loss of up to $860,000, minus rewards points. We will be collaborating with Balancer to collect the remaining cash.”It is apparent that the ramifications of these attacks extend beyond monetary losses. They may also weaken public faith in the financial system, which may be difficult to restore. As a result, it is vital that all financial institutions take proactive steps to protect themselves and their clients from such cyber attacks.
Source
https://t.me/Crypto_Futures_Trading
