DeFi Lender Inverse Finance Exploited for $15.6M

It is the third multimillion-dollar crypto attack to make headlines in recent days.

Ethereum-based lending protocol Inverse Finance (INV) said Saturday that it suffered from an exploit, with an attacker netting $15.6 million worth of stolen cryptocurrency.

According to Inverse, the attacker targeted its Anchor (ANC) money market – artificially manipulating token prices to borrow loans against extremely low collateral.

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