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Polygon-based protocol 0vix exploited for $2M

CoinSurges
By CoinSurges

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Polygon-based decentralized finance (DeFi) protocol, 0vix, appears to have been exploited for $2 million via flashloan.

Blockchain security firm CertiK reported the incident — which Arkham Intelligence further corroborated.

According to Arkham, the exploiter inflated the price of vGHST to borrow a large amount of USD. The attacker then moved the USDC to Ethereum (ETH) mainnet and swapped it for 757 ETH.

0vix has yet to respond to CryptoSlate’s request for comment as of press time.

This is a developing story. More details to follow…

The post Polygon-based protocol 0vix exploited for $2M appeared first on CryptoSlate.

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