Dough Finance Falls Victim to $1.8M Flash Loan Attack

Dough Finance Falls Victim to $1.8M Flash Loan Attack

Dough Finance, a DeFi protocol, lost $1.8 million in digital assets due to a flash loan attack. The attacker exploited unvalidated call data, stealing 608 ETHEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH.. Web3 security firm Cyvers detected the incident on July 12 and confirmed Aave’s pools were secure. The attacker used the ZK protocol Railgun to fund the attack, swapping stolen USDC for ETHEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH.. This highlights the vulnerabilities in DeFi and the need for robust security measures to protect digital assets.