More than 80% down Nirvana’s ANA token after US$3.5 mln hack
Solana-based decentralized finance convention Nirvana Finance was exploited in a flash loan attack for US$3.49 million.
Nirvana’s ANA token down more than 80% after US$3.5 mln hack
Utilizing streak advances on loaning convention Solend, the assailant acquired US$10 million USDC and utilized it to mint over US$10 million worth of Nirvana's ANA token.
The hacker then traded the ANA tokens with USDT stablecoins and got US$13.49 million USDT.
The attacker then returned the acquired US$10 million to Solend's principal pool vault and snatched the excess assets.
The attack caused ANA lose over 82% of its worth in 24 hours to exchange at US$1.48 in evening exchange Hong Kong.
While Nirvana's dollar-fixed stablecoin NIRV lost its stake and fell by over 83% in the beyond 24 hours, as per CoinMarketCap.
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Nirvana has presented a public request on the assailant on Twitter, requesting the arrival of taken assets in return for a US$300,000 white cap abundance and a stop in the examination.