Flash loan attack
Days in Operation:
100 pts each
Matthew Liu, co-founder of Origin Protocol (OGN), a decentralized sharing economy protocol, wrote an article to disclose the details of the lightning loan attack on the US dollar stable currency Origin Dollar (OUSD). So far, the attack has caused about 7 million U.S. USD in losses, including more than 1 million U.S. USD deposited by Origin and its founders and employees. Currently, Origin is determining the cause of the vulnerability and whether it can recover the funds. Origin reminded, "Vault deposits are currently disabled. Please do not purchase OUSD on Uniswap or Sushiswap." The stablecoin OUSD was exploited for $5.5 million in ETH and approximately $2.2 million in DAI.
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