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January 14, 2022

An attacker pulls about 350 ETH from Float Protocol's Rari Capital pool

Float logo: A purple fingerprint styled design next to the text(attribution)
Lack of liquidity in the Uniswap V3 FLOAT/USDC oracle allowed an attacker to manipulate the prices within the pool, then deposit it at a much higher rate. The hacker pulled about 350 ETH (equivalent to $1.1 million) out of the pool, though according to PeckShield they later returned around $250,000 for some reason.
  • Tweet thread by FloatProtocol
  • Tweet by PeckShield
Theme tags: Hack or scam

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