Security News > 2022 > June > Inverse Finance stung for $1.2 million via flash loan attack

A decentralized autonomous organization called Inverse Finance has been robbed of cryptocurrency somehow exchangeable for $1.2 million, just two months after being taken for $15.6 million.

So Inverse Finance is counting it as bad debt rather than funds that need to be repaid to any individual.

Inverse Finance made the news in April after being exploited for $15.6 million.

The Register reached out to those associated with Inverse Finance via Twitter and Discord in the hope of asking a few questions.

Patb finally responded with a link to the Inverse Finance post cited above.

According to Patb's post, Inverse Finance is "Adding additional security operations talent to the Inverse team." That follows "a competent third-party team to review the architecture and implementation of the oracle involved in today's incident" and contributions and consulting that followed the incident in April.

News URL

https://go.theregister.com/feed/www.theregister.com/2022/06/17/inverse_finance_heist/