Inverse Finance Was Hacked

The lending platform Inverse Finance was hacked and lost nearly $15 million.

Most of the latest hacks has been taking place in the cryptocurrency world. At one time, hackers can steal hundreds of millions of dollars. A new hack is happening every week. Listed on major exchanges such as Coinbase, Inverse Finance is an Ethereum solution based on lending and borrowing. Over the weekend, the hackers deposited 901 Ethereum into the system and manipulated the INV cryptocurrency using a vulnerability. Hackers, who bought INV, YFI, WBTC and the platform's DOLA cryptocurrency, which approached the level of $ 600 in a short time, sold them by pulling them to DEX exchanges such as UNISWAP. Hackers managed to launder about 4200 Ethereums they obtained on Tornado Cash. After the hack, which caused a loss of 14.1 million dollars, all transactions on the platform were stopped. The team announced that they will refund every investor who is aggrieved. INV, which hung below $280 after the news, managed to recover at aroung $320.