So lately there's one of DeFi platforms (
Akropolis) that has
admitted they got hacked (over 2 million in DAI) through a flash loan attack recently.
“At ~14:36 GMT we noticed a discrepancy in the APYs of our stablecoin pools and identified that ~2.0mn DAI had been drained out of the yCurve and sUSD pools,” the project reported in a statement released the evening of November 12.
[...]
The attacks seemingly come as a surprise for Akropolis, which said the pools had undergone two independent audits. “However, the attack vectors used in the exploit were not identified in either audit,” it said “The essence of the exploit in question is a combination of a re-entrancy attack with dYdX flash loan origination.”
Read the full article -> https://decrypt.co/48081/defi-platform-akropolis-admits-to-being-hacked-for-2-millionPreviously there are several DeFi got the flash loan attack as well such as Harvest finance and bZx.
What's your thought about it? Does DeFi are too vulnerable to be attacked?
This is not good again for the Defi projects, if the owner itself will not do something about it, the trust of the community who believed in Defi will little by little remove their assets in the Defi until no one is using them, where if that happens well surely it will become a dead one. So, they must improve and protect their clients to remain their clients to their platform.