ApeRocket Suffers Two Flash Loan Attacks , Costing $1.26M
Evening
DeFi yield farming aggregator and optimizer ApeRocket, today suffered two flash loan attacks, costing its users $1.26 million worth funds. As per official announcement, the attacks happened on ApeRocket's BSC platform and its Polygon fork, within a few hours of each other.
ApeRocket admitted the fault on their part saying:
Regarding the BSC we were already working on a new version of ApeRocket (ApeRocket V2) prior to the attack, easier to use, more didactic, gas efficient, meaning more compounds, more APYs, and offering us more possibilities. We were not fully satisfied with the V1 being a complete fork of Pancake Bunny. We plan to relaunch the website under this new version soon.
Our launch on Polygon was done in a hurry because we imperatively wanted to join the ApeSwap ecosystem on this blockchain as soon as possible. Thus, some things failed our vigilance and that of one of our auditors on whom we put pressure to release a usable version as soon as possible.
Posted Using LeoFinance Beta
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