World Crypto Global
- Written by: Crypto Breaking News
- Mon, 13 Mar 2023
- United Kingdom
Euler’s attackers used the loan to temporarily trick the protocol into falsely assuming it held a low amount of eToken, a collateral token issued by Euler based on whichever token is deposited on the protocol. A separate dToken, or debt token, is also issued by Euler such that an on-chain liquidation is automatically triggered when [...] The post Euler DeFi Protocol Exploited for Nearly $200M appeared first on Crypto Breaking News.
Euler DeFi Protocol Exploited for Nearly $200M
Euler’s attackers used the loan to temporarily trick the protocol into falsely assuming it held a low amount of eToken, a collateral token issued by Euler based on whichever token is deposited on the protocol. A separate dToken, or debt token, is also issued by Euler such that an on-chain liquidation is automatically triggered when the amount of dTokens exceeds the eTokens held on the platform.
Source: CoinDesk
The post Euler DeFi Protocol Exploited for Nearly $200M appeared first on Crypto Breaking News.
