An attacker was able to use a <button class="define-target" id="flash-loan">flash loan</button> to exploit a vulnerability in the <button class="define-target" id="smart-contract">smart contract</button> for DFX Finance, a <button class="define-target" id="defi">decentralized</button> forex trading platform. The platform suffered a loss amounting to around $5&nbsp;million. The attacker subsequently laundered the funds through the Tornado Cash cryptocurrency <button class="define-target" id="tumbler">tumbler</button>. The attacker didn't make off with the entire amount lost from the platform, partly due to an <button class="define-target" id="mev">MEV</button> bot snagging a significant amount of the funds.

Web3 is Going Just Great

DFX Finance suffers $5 million loss