The Conic Finance platform has been compromised!

posted  21 Jul 2023
Photo - The Conic Finance platform has been compromised!
This platform, crafted to stabilize liquidity pools within the Curve DeFi protocol, has fallen victim to a hacker who made off with 1700 ETH, a haul worth $3.2 million.

The culprit leveraged a re-entrancy vulnerability and manipulated a malfunctioning price oracle to achieve this.

The Conic Finance team has disclosed that this particular exploit is solely connected to the ETH Omnipool.