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Web3 is Going Just Great

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May 12, 2021

$24.5 million emptied from xToken platform

xToken logo: A 3D X, overlaid on a purple gradient background(attribution)
A flash loan attack allowed hackers to exploit two vulnerabilities in the xToken DeFi platform and steal $24.5 million. This was the first of two large-scale hacks of the platform this year.
  • "Attacker uses flash loans in $24.5 million exploit of DeFi protocol xToken", The Block
  • "DeFi Protocol xToken Suffers $24.5M Exploit", Coindesk
Theme tags: Bug, Hack or scam
Tech tags: DeFi

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