New Free DAO loses $1.25 million in flash loan attack
A flash loan attack against the New Free DAO project resulted in a $1.25 million loss. The project's token also crashed 99% in the wake of the theft. The hacker quickly sent 1,500 BNB (~$415,000) of the stolen funds through the Tornado Cash cryptocurrency mixer, and sent another 2,900 (~$803,000) to the PancakeSwap decentralized exchange.