inverse finance hack

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ethereum-based decentralized finance (defi) tool inverse finance was exploited for more than $1. 2 million worth of cryptocurrency on thursday morning, on-chain data appears to show. exploiters seemed to use a flash loan attack to trick the protocol and steal more than 53 bitcoin, worth $1. 1 million, and 10,000 tether (usdt), a stablecoin backed on a 1-1 basis with u. s. dollars. the exploit comes just over two months after attackers stole $15 million worth of cryptocurrencies from inverse finance in a similar attack, as previously reported.

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