Hacker steals over $1.2 million from Inverse Finance, their second such exploit in under three months

A hacker was able to perform an oracle manipulation attack enabled by flash loans to siphon crypto worth around $1.26 million from Inverse Finance. The loss to the protocol was higher, at around $5.8 million. The attacker has already moved most of the stolen funds to the Tornado Cash cryptocurrency tumbler.

Inverse Finance is a borrowing and lending protocol that was hit with a different oracle manipulation attack in early April, which resulted in a $15.6 million loss.