AVALANCHE FLASH LOAN EXPLOIT SEES $371K IN USDC STOLEN

Avalanche flash loan exploit sees $371K in USDC stolen. Avalanche nears key breakdown level that could sink AVAX price by another 65%. Avalanche, Gelato launch enterprise sovereign chains for institutions. Avalanche embraces memecoin culture despite criticism. Avalanche (AVAX) Crypto News Today. Avalanche blockchain now accessible to 4.5M users across Wirex payment ecosystem. Avalanches 2nd Rush phase launches on KyberSwap: $1M in mining rewards. Avalanche introduces Evergreen subnets to connect institutions on blockchain. Avalanche aims to accelerate subnet adoption with multiverse incentive program. An Avalanche-based lending protocol Nereus Finance is the latest victim of a smart contract exploit as the hacker walks away with a net 371K worth of USD Coin (USDC). We are aware of a flash loan exploit on the AVAX/USDC Joe LP NXUSD market., Nereus went into damage repair mode and published an in-depth post-mortem of the attack on Wednesday., was among the first to detect the hack on September 6., Avalanche-based lending protocol Nereus Finance was hacked and 371K in USD Coin (USDC) was stolen. The hacker deployed a custom smart contract taking advantage of a 51 million flash loan from Aave. CertiK, leveraging a 51 million flash loan to manipulate the AVAX/USDC Trader Joe LP pool price for a single block., Cointelegraph By Stephen Katte Avalanche-based lending protocol Nereus Finance has been the victim of a crafty hack that saw a user net 371, Avalanche Flash Loan Exploit USD Coin (USDC) worth 371, 000 was siphoned off from Nereus Finance through a smart contract exploit, The scammer deployed a custom smart contract, a blockchain cybersecurity firm, 000 worth of USD Coin (USDC) using a smart contract exploit. Blockchain cybersecurity firm CertiK was one of the first to detect the exploit on Sept. 6, Nereus Finance released a detailed post-mortem of the incident explaining an exploiter was able to deploy a custom smart contract that utilized a 51 million flash loan from Aave, Avalanche flash loan exploit sees 371K in USDC stolen. Avalanche-based lending protocol Nereus Finance has been the victim of a crafty hack that saw a user net 371, On Wednesday, indicating that the attack impacted liquidity [ ], 000 worth of USD Coin (USDC) using a smart contract exploit., which blockchain cybersecurity firm Certik caught on Tuesday. Soon after..