Business
“Saddest Hack in Crypto”: Value DeFi Hacked for $6 Million – Decrypt
Value DeFi was attacked for $6 million today after someone exploited a flash loan vulnerability
This one is upsetting. Yesterday, decentralized finance protocol Value DeFi tweeted that it is “very excited with our most recent innovation, the MultiStables Vault, and we strive to ensure your funds are always SAFU with our vaults.” Lots of emojis, lots of pride in one’s work.
Then today: “The MultiStables vault was the subject of a complex attack that resulted in a net loss of $6M. We are currently working on a postmortem and are exploring ways to mitigate the impact on our users.”
The Telegram…
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