Inverse Finance stung for $1.2 million via flash loan attack • The Register

A decentralized autonomous organization (DAO) called Inverse Finance has been robbed of cryptocurrency somehow exchangeable for $1.2 million, just two months after being taken for $15.6 million.

“Inverse Finance’s Frontier money market was subject to an oracle price manipulation incident that resulted in a net loss of $5.83 million in DOLA with the attacker earning a total of $1.2 million,” the organization said on Thursday in a post attributed to its Head of Growth “Patb.”

And Inverse Finance would like its funds back. Enumerating the steps the DAO intends to take in response to the incident, Patb said, “First, we encourage the person(s) behind this incident to return the funds to the Inverse Finance DAO in return for a generous bounty.”

That appears unlikely given reports that the attacker has routed the…

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