According to a source from The Daily Hodl, an encryption platform was attacked with lightning and about $6 million was transferred. Once again, the event showed that when borrowing, clearing and price manipulation overlapped, the agreement wind control could quickly lapse.
The attack.
The attackers took advantage of the flash money to scale up the funds and to operate and remove Platform assets in a short time. No additional technical details were disclosed in the report, but the value of the loss amounted to $6 million.
Platform loss
The immediate consequence of the incident was an outflow of funds. For agreements that rely on chain liquidity and automated settlement, single-point loopholes tend to be rapidly magnified as actual losses.
Security risks
Lightning loan attacks are usually accomplished by means of instantaneous large sums of money, price deviations or contractual design defects. Such an event would also give the market renewed attention to the soundness of auditing, control of authority and liquidation mechanisms.