link.png

ID:

ousd-439

Date:

Status:

Incident Count:

November 17, 2020

Verified

1

info.png
target.png
REKT

Contributor:

chain.png

zerofriction.io

KYC By:

KYC:

None

info.png

Audit By:

Audits:

None

Loss Amount:

7,000,000

info.png

Recovered:

-

Rewards:

Currency:

USD, ETH, DAI

info.png

Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum

Protocol

Flash Loans

Extended Method:

Flash loan attack

info.png

Days in Operation:

0

chain.png
chain.png
chain.png
chain.png
datasource.png

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.

info.png

DISCLAIMER: While web3rekt has used the best efforts in aggregating and maintaining this database, this web site makes no representations or warranties with respect to the accuracy or completeness of its information and data herein, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall web3rekt be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the data and information derived from this database.