3 ms·
The August attack (1) seems to be a real hack, exploiting bugs in the code. This current attack sounds more like market manipulation, but all bundled up in a s
by kevinpet 5y ago
The August attack (1) seems to be a real hack, exploiting bugs in the code.
This current attack sounds more like market manipulation, but all bundled up in a single transaction. I can't find the details, but in the real financial world, there's a reliance on multiple competing arbitrageurs who make it hard to move the market much in big securities. In an automated system, that can all happen instantly.
1. https://halborn.com/explained-the-cream-finance-hack-august-2021/ https://halborn.com/explained-the-cream-finance-hack-august-...